M&A

M&A

Good Glamm in talks to take over Raymond's consumer care biz for Rs.2,500-Cr

Economic Times Print Edition  

The Good Glamm Group is in advanced talks to buy the consumer care business of Raymond Group that includes the Park Avenue and Kamasutra brands. The cash and stock deal is pegged at INR 2,000-2,500 crore. The acquisition will mark Good Glamm's entry into the men's personal care and sexual wellness category. The promoters of Raymond Group will end up owning a minority stake in the Good Glamm Group as part of the deal. The Good Glamm group has previously acquired brands such as PopXO, Baby Chakra, Mom's Co, ScoopWhoop, Miss Malini Entertainment, Sirona and St Botanica over the last 18 months.