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Entrepreneur David C. Chung Acquires Amare Global

January 23, 2024 Leave a Comment

Amare Global announced David C. Chung as majority shareholder and chairman. Chung will bring vast expertise in innovation, brand-building, supply chain, information technology, and overall operational excellence to continue to build the global mental wellness movement, the company said.

David C. Chung
David C. Chung

David Chung is the founder and CEO of iLABS US and iLABS South Korea, state-of-the-art beauty innovation centers that offer R&D, turnkey product development, and exceptional finished goods to independent and leading beauty brands, and Morae Packaging, which offers quality glass, plastic, and sustainable packaging solutions for skincare, cosmetics, and fragrance. Chung is also the founder and CEO of The Beauty Bank which incubates new-to-market skincare and wellness brands.

“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. 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,” said David Chung.

Chief Executive Officer 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.”

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