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Good Glamm restructuring talks underway, CEO says in note apologising for salary delays
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Troubled beauty products retailer The Good Glamm Group is engaged in several restructuring discussions with its lenders as it faces severe financial stress, cofounder and chief executive Darpan Sanghvi said in a recent social media post.
As ET reported in June, the company had not paid salaries for two months in a row due to cash crunch and struggles with raising funds.
Along with salary delays, full and final settlements for former employees have also not been cleared, leaving both current and ex-staff under significant financial strain.
In the post,…
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