Marley Spoon adopts TemperPack’s recyclable cold packaging solution
April 19, 2023 : The meal delivery kit industry is booming, with fresh food meal kits expected to become a $10 billion industry by 2024. However, much of the money spent on packaging to keep food cold is wasted, with a significant amount of packaging not being recycled. In response to this issue, companies like Thermosafe, Sealed Air, and Virginia-based startup TemperPack are developing sustainable packaging solutions.
Hydrow reportedly approached by Lululemon for Mirror sale
April 19, 2023 : Canadian athletic apparel company Lululemon is reportedly looking to sell its at-home fitness business, Mirror, and has approached rival Hydrow as a potential buyer. Hydrow is a private startup that sells connected rowing machines, but it is unclear if the company is interested in a deal. Other parties are also said to have contacted Hydrow regarding the sale. Lululemon announced it would acquire Mirror for $500 million in June 2020, hoping to cash in on the at-home fitness boom. The startup, which offered weekly live classes, on-demand workouts, and personal training sessions, rebranded as Lululemon Studio but has struggled financially.