Headlines in the Global Wellness Economy
Global Wellness News™ | September 20th, 2022
Patagonia founder Yvon Chouinard, who has previously expressed his reluctance at amassing wealth, is giving away his company. The outdoor apparel company will now be in the hands of a trust and a nonprofit organization. All future profits will be donated to help fight climate change, the company announced Wednesday.
These wellness practices – which center on one invisible network of vessels and nodes – have soared in popularity in recent years. Should you try them? Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.
Workplace wellbeing startup Sonder has raised $35 million in a Series B funding. The round was led by Blackbird Ventures with SEEK Investments and SecondQuarter Ventures also tipping in as new investors. Blackbird’s Niki Scevak will join the company’s board.
Ryan Breslow, Bolt’s executive chairman, announced Friday that he’s taking the role of CEO and founder of a health startup called Love. In January 2022, Breslow, 28, sparked confusion and fueled conspiracy theories across Silicon Valley when he stepped down as Bolt’s CEO after eight years-and only days after raising $355 million from top investors at an $11 billion valuation.
The Red Sea Development Company (TRSDC), the developer behind ultra-luxury Saudi tourism destination Amaala, has now signed over 300 contracts worth more than SAR 6.62 bn (US$1.7bn, €1.7bn £1.5bn). Underpinned by sustainability, Amaala is being designed for ultra-high net worth individuals and will centre on wellness and sports, arts and culture and sea, sun and lifestyle.
China has a sleep problem. research reveals that 59 percent of Chinese urbanites say it is difficult to get to sleep. Emotional stress is keeping many locals (especially among the younger generations) awake at night. COVID-19 has of course made this worse. Indeed, reported that consumers in the country ranked sleep as a critically important priority.
Transdermal Diagnostics, a University of Bath spinout company developing technology to monitor glucose levels non-invasively, has received £800K in seed funding and a £300K grant from Innovate UK. The seed round was led by QUBIS, which specialises in innovation focused spin-out companies, and includes Pioneer Group, Immetric, Bristol Private Equity Club and Science Angel Syndicate.