Lenders To Sell Off Brands

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SUMMARY

Darpan Sanghvi took to LinkedIn to announce that Good Glamm Group’s lenders have decided to enforce their charge on the individual brands under the group

Sanghvi said that this is the last resort left for the startup after exploring a plethora of solutions like refinancing, partial brand sales, strategic investments, among others

The unicorn, which once had IPO ambitions, already sold a number of its brands over the last few months as its house of brands crumbled due to acquisitions gone wrong

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Lenders To Sell Off Brands


SUMMARY

Darpan Sanghvi took to LinkedIn to announce that Good Glamm Group’s lenders have decided to enforce their charge on the individual brands under the group

Sanghvi said that this is the last resort left for the startup after exploring a plethora of solutions like refinancing, partial brand sales, strategic investments, among others

The unicorn, which once had IPO ambitions, already sold a number of its brands over the last few months as its house of brands crumbled due to acquisitions gone wrong

Content-to-commerce…



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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