Overview

• On July 23, lenders enforced charges on Good Glamm’s individual brands, ending any group-wide solution and triggering brand-by-brand sales over the next two months.
• The divestment follows months of failed restructuring efforts that included attempts at refinancing, partial brand sales and strategic investments.
• Sanghvi traced the collapse to an aggressive acquisition spree from 2021 and a failed late-2024 deal that strained cash flows and piled up debt.
• Earlier this year, Good Glamm sold Sirona, MissMalini and ScoopWhoop in distress deals as investor representatives from Accel, Prosus and Bessemer resigned amid the crisis.
• To settle unpaid employee, vendor and shareholder claims, Sanghvi pledged 25% of his future post-tax earnings and will establish a Good Glamm Restitution Fund.