Good Glamm lenders to sell its assets separately

THE GOOD GLAMM Group (GGG), once valued at over $1.2 billion, is set to be dismantled with its brands being sold individually after lenders decided to enforce the sale of each asset separately, founder and CEO Darpan Sanghvi announced in a LinkedIn post on Wednesday.

- ANEES HUSSAIN

"Our lenders have decided to enforce their charge on the individual brands under the Good Glamm Group. What this means is that there will no longer be a group-wide solution which will allow all the brands to continue under a single umbrella," Sanghvi wrote in a note addressed to stakeholders.