David C. Chung, founder of manufacturer iLabs (US and South Korea) and brand incubator The Beauty Bank, LLC (The Rootist, etc.), has acquired a majority shareholder stake in mental and ingestible wellness specialist Amare Global.
Amare's solutions target everything from hormonal balance and weight to mental well-being and the gut-brain axis. The company also offers a small slate of topical skin care.
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"I am proud to join the talented executive leadership team, accomplished brand partners, and collective vision of Amare Global as we continue to lead the mental wellness category," said Chung. "With the growing demand for mental wellness solutions, Amare leads with innovative and efficacious products that support the gut-brain axis (GBX) and a healthy microbiome to support mental wellness and a balanced lifestyle."
He added, "Thanks to the far-reaching distribution base, we will create substantial value not only for individuals but for communities across the globe."
"In 2017, I started Amare as a passion project, and it has since expanded to more than 45 countries," said founder Hiep Tran. "I am so excited to welcome David to Amare as owner and dhairman. Thanks to his visionary approach and established track record, David is the ideal leader to take this brand to even greater heights."
Amare CEO Jared Turner added, "David joins Amare as a respected expert in his field and is well known for creating reputable companies in end-to-end research and development and innovating business operations. We are confident his expertise accelerates our strategic plan to continue to build a strong infrastructure, prioritize social selling, and drive significant growth as we build this brand, and we believe this will deliver value for our brand partners, customers, and incredible employees."
Chung concluded, "Leveraging my broad experience in strategy, operations, and innovation with my experienced teams across the globe—coupled with my passion for mental wellness—I will ensure Amare Global continues to deliver high-quality, results-driven products that help to improve consumers' lives. I acquired Amare Global to leave a positive legacy in this world. I see a unique opportunity to bring much-needed solutions that transform mental wellness, and Amare Global is leading this movement."
