BEAUTY

Stila Cosmetics hires new chief executive and independent manager

HEALTH & BEAUTY

Stila Cosmetics has appointed an independent manager to help guide the company and also hired Michelle Kluz as chief executive.

Kevin Carey, senior counsel at Hogan Lovells’ corporate and finance practice group, will serve as manager of Stila Styles with responsibility for guiding the Stila leadership to “set a course that will be in the best interest of its employees, business partners and customers”.

Meanwhile Kluz has been appointed to head up the company after working as an independent advisor in recent years. This included serving as interim chief executive at cannabis operator Ascend Wellness.

Earlier in her career, she was hired as chief executive of Tough Mudder Bootcamps on the founder’s exit and turned it into a successful franchise. Prior to that, she was chief executive of Pure Barre and held the same role at BBRC in Australia

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BEAUTY

SciSparc Signs a Non- Binding Letter of Intent to Acquire American Food Supplements and Cosmetics Brand in Approximately $20 Million Deal

SciSparc Ltd

SciSparc Ltd

The Letter of Intent contemplates the purchasing of a brand, trademark and Amazon.com seller account, a management agreement, a U.S. distribution agreement and an option to expand to new territories

TEL AVIV, Israel, Aug. 15, 2022 (GLOBE NEWSWIRE) — SciSparc Ltd. (Nasdaq: SPRC) (“Company” or “SciSparc”), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, today announced that it has signed a non-binding letter of intent (“LOI”) with Merhavit M.R.M Holding and Management Ltd (“M.R.M”), to acquire from it its rights to purchase, a top-seller Amazon.com account and American food supplements and cosmetics brand and trademark (the “Brand”).

The Brand offers dozens of GMP (Good Manufacturing Practice) manufactured hemp-based, U.S. made, top-ranked products, including various food supplements for different purposes and cosmetics.

The LOI also describes, in addition to the potential acquisition of the Brand, a management

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