Farfetch Shares Spike as Company Returns to GMV Growth

21 May

Farfetch is beginning to get back into growth mode — and the great graces of Wall Street. Shares of Farfetch shot up 16.8 percent to $5.07 in after-hours trading on Thursday after the corporate reported first-quarter results that showed gross merchandise volume had inched up 0.1 percent to $931.7 million. Revenues for the quarter increased 8 percent to $556.4 million. The stock continues to be well off of Farfetch’s 52-week high of $12.89, however the jump back gives the corporate some welcome momentum. The primary-quarter performance marked a major turn for Farfetch, which saw GMV drop 12 percent within the fourth quarter, when China was hindered by COVID-19 lockdowns and the comparisons were hurt by the closure of the corporate’s Russia business. Now José...

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5 May

What’s Next for Plant-Based Wellness Company Sakara – WWD

by Beautifaire101

Beauty, Featured

What’s Next for Plant-Based Wellness Company Sakara – WWD

For greater than a decade, Sakara Life, founded by Danielle DuBoise and Whitney Tingle, has been serving consumers plant-rich meals and health-boosting supplements and powders. Now, the brand is venturing into the premixed drink category with Metabolism “Latte” Cellular-Energy Boost, $14, which is launching exclusively at Erewhon on Monday. Sakara Life Metabolism “Latte” Cellular-Energy Boost, $14. While Erewhon has been a key partner for Sakara Life over time, with the health food store stocking limited-edition collaborations and its powders and supplements, the brand new latte will probably be a everlasting fixture on the retailer within the grab-and-go drink aisle. DuBoise and Tingle attribute the brand’s success with the retailer to their overlapping consumer base. Erewhon, which currently operates nine stores across California with...

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30 Apr

This Insurance Company Protects Against Botox and Laser Complications

by Beautifaire101

Beauty, Featured

This Insurance Company Protects Against Botox and Laser Complications

CoverWell by InjectSure, a latest pay-per-procedure insurance company, is integrating with booking softwares to guard patients against complications from non-anesthesia-based med spa services, like fillers and lasers. Last yr, med spa complications became top of mind after Linda Evangelista got here forward to debate the problems she faced after doing CoolSculpting, a noninvasive treatment that claims to freeze away fat cells. The supermodel was left with irreversible fat protrusions, generally known as paradoxical adipose hyperplasia, ultimately leading her to sue CoolSculpting’s parent company Zeltiq Aesthetics Inc. for $50 million in damages. While this story is the right example for what CoverWell is attempting to protect against, the team behind the insurance company began working on the concept about nine years ago, following...

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22 Apr

Farm to Fiber: The LYCRA Company and Qore® Collaborate

by Beauty Tips

Fashion, Featured

Farm to Fiber: The LYCRA Company and Qore® Collaborate

Data from the World Economic Forum shows that the style industry and its supply chain are chargeable for ten percent of worldwide greenhouse gas emissions every yr – representing a major call to motion for manufacturers and types to seek out solutions for higher practices. With its iconic LYCRA® brand franchise, strong business network and global production footprint, The LYCRA Company saw a fantastic opportunity to collaborate with Qore® – a three way partnership between Cargill and HELM – to significantly reduce the carbon footprint of LYCRA® fiber. The LYCRA Company is making great strides toward enabling the world’s first large-scale business production of bio-derived spandex made with QIRA®. The LYCRA Company signs agreement with Qore® to enable large-scale production of bio-derived...

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