Lenders To Sell Off Brands

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…