Good Glamm Group to be split up as lenders enforce brand-wise sale

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The Good Glamm Group, a once-celebrated digital-first beauty and personal care company, is being broken up after lenders decided to enforce their charge on individual brands, effectively ending the company’s unified structure.

Founder Darpan Sanghvi confirmed the development in a letter to stakeholders, marking a turning point in the firm’s ongoing restructuring efforts.

According to a LinkedIn post shared by Sanghvi, no group-level solution emerged despite months of attempts,…



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Good Glamm Group to be split up as lenders enforce brand-wise sale


The Good Glamm Group, a once-celebrated digital-first beauty and personal care company, is being broken up after lenders decided to enforce their charge on individual brands, effectively ending the company’s unified structure.

Founder Darpan Sanghvi confirmed the development in a letter to stakeholders, marking a turning point in the firm’s ongoing restructuring efforts.

According to a LinkedIn post shared by Sanghvi, no group-level solution emerged despite months of attempts,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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