Headlines in the Global Wellness Economy
Global Wellness News™ | June 1st, 2023
11 Designer-Approved Wellness Rooms to Incorporate Into Your Home
From dedicated spaces to small tweaks, there’s an idea for every budget and layout In-home wellness rooms are trending now more than ever. Luis Murillo of LMD Architecture Studio in California says that his firm is seeing more spas, saunas, and home gyms being included in home renovation plans.
Selva Ventures to invest $34M Fund II in health, wellness-focused brands
Selva Ventures will deploy its second fund into consumer brands focused on health, wellness, beauty and personal care.
Why luxury skincare brands are getting into the spa services game
While luxury brands like La Prairie and La Mer have traditionally partnered with luxury hotels to offer spa treatments, what’s new is the rise in stand-alone boutique spas from brands like Biologique Recherche, Augustinus Bader, 111Skin, Omorovicza, Joanna Czech, and Dr. Barbara Sturm. Because the future of retail is high-touch and immersive experiences, the definition of spa
Read the article on Beauty Matter >
Universal Music Group Signs Deal With AI Startup Endel
Universal Music Group (UMG) has announced a partnership with Endel, a company that uses AI to generate soundscapes meant to facilitate work, meditation, and sleep. UMG will license use Endel’s technology to enable its artists to create what it calls “science-backed” soundscapes designed to “enhance listeners’ wellness.”
Ozempic Frenzy Hitting China Has Residents Turning to Scalpers
With Chinese social media awash with influencers flaunting their newly trim Ozempic-fueled bodies, demand is surging. Limited by the government to only type-2 diabetes patients, people are turning to scalpers and fake prescriptions to get their hands on the drugs
Read the article on Bloomberg >
Singaporean Telehealth Platform ORA Adds $10M in Series A Funding
Singapore-based telehealth platform ORA has raised $10M in Series A funding, marking the largest telehealth Series A investment in SouthEast Asia according to the company. The funding round was co-led by TNB Aura and Antler, with participation from Gobi Partners, Kairous Capital, and GMA Ventures.
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