Information

THE WHAT? Yooma Wellness has reported revenue of US$2.1 million for the three months ending September 30, with a gross profit of US$560,107.  THE DETAILS Citing ‘significant’ growth’, in Q3 the wellness platform completed the acquisition of Vitality CBD, a distributer of CBD products for the cosmetics and wellness markets, as well as the buy-out of Big …

THE WHAT? Beauty and wellness appointment booking app Booksy is set to expand its presence in the EMEA region via the acquisition of French salon management and booking software, Kiute.  THE DETAILS With a partner network of nearly 10,000 beauty and wellness salons, the buy-out evolves Booksy’s position as a leading beauty and wellness booking and business …

THE WHAT? Indian cosmetics and fashion retailer Nykaa is eyeing a huge retail expansion, with Founder and Chief Executive Falguni Nayar stating it will triple its bricks and mortar stores to 300, according to a report by Reuters.  THE DETAILS While no timeline has been given, the company is expanding into 100 cities, scaling up from its …

THE WHAT? Avon Justine has launched its first livestream shopping event, with a virtual tour of its gift products in South Africa.  THE DETAILS The event was hosted by celebrities and media personalities, who demonstrated products to customers and representatives online.  Collaborators included designer and Avon fragrance collaborator, David Tlale, former Miss South Africa, radio host and …

THE WHAT? Walmart EVP and CFO Brett Biggs is to step down from his positions, and will begin transitioning from the company in the upcoming year.  THE DETAILS According to Walmart, Biggs will remain in his position until a replacement has been named in 2022, and will remain in a supportive role with the company until his …