Good Glamm breaks up as lenders initiate brand-wise asset sale
Good Glamm Group will dismantle its structure and sell assets individually after failed refinancing attempts. Lenders are enforcing charges over individual brands like MyGlamm and Organic Harvest. CEO Darpan Sanghvi commits a portion of future earnings to settle employee dues and establish a fund for vendors and investors, acknowledging responsibility for the group’s financial situation.🕒 1 min read
Good Glamm Group will dismantle its structure and sell assets individually after failed refinancing attempts. Lenders are enforcing charges over individual brands like MyGlamm and Organic Harvest. CEO Darpan Sanghvi commits a portion of future earnings to settle employee dues and establish a fund for vendors and investors, acknowledging responsibility for the group’s financial situation.
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