04 May 2022, Mumbai:
Good glamm in talks to buy Raymond's consumer care business.
Rupees 2500 - $2800 cash and stock deal will be one of the largest M&A in the Beauty and Personal care space.
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Raymond group and its promoters may own a minority stake in Good Glamm group.
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The acquisition will mark Good Glamm's entry into the men's personal care.
Raymond group is expected to carve out its consumer care business.
Good Glamm group is believed to be talking about raising 250 million USD at an evaluation of 1.8-2 to billion USD.
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The Good Glamm group is in advance talks to buy the consumer care business of Raymond group which has Park Avenue and Kamasutra brands.
The cash and stock deal is pegged at rupees $2,500 to $2,800 crores.
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CREDITS: ET Dt 04-05-2022 (The news article has not been edited by DFU Publications staff)
