THE WHAT? Good Glamm is said to be poised to strike a deal for Raymond Group’s consumer care unit, according to a report published by Silicon India, quoting anonymous sources familiar with the matter, the Indian e-commerce giant is in ‘advanced talks’ to acquire the owner of Park Avenue and KamaSutra.
THE DETAILS The cash and stock transaction is thought to be in the region of Rs2,500 and Rs2,800 crore, which would make it one of the largest acquisitions to date in the beauty and personal care category.
Both companies declined to comment when approached by Silicon India.
THE WHY? If the deal goes ahead, Good Glamm will enter both the men’s personal care and sexual wellness categories for the first time.
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
