The Good Glamm Group has accomplished the 100% acquisition of The Mothers Co. The group additionally finalised the Sirona transaction and elevated stakes in Natural Harvest and Winkl.
In October 2021, the Good Glamm Group acquired a majority stake in The Mothers Co. by way of a money and inventory deal, resulting in partial exits for The Mothers Co. founders and full exits for traders like DSG Capital and Saama Capital. The remaining shares held by the founders had been totally acquired by Good Glamm Group during the last two years, finishing a 100% acquisition.
Over the previous three years, key features of The Mothers Co. have been built-in into the Good Glamm Group’s operations. After main the enterprise for a 12 months post-acquisition, the founders stepped down from day-to-day roles final 12 months, transitioning full management to Good Glamm Group’s central groups. The model has additionally expanded internationally, retailing in Carrefour and Lulu within the UAE. And is now making ready to enter extra worldwide markets.
“It has been great to see the Good Glamm group combine The Mothers Co throughout numerous features and develop the model during the last two years. We proceed to cheer for and are excited for what lies forward for The Mothers Co and the Good Glamm Group and want the groups all of the success on this subsequent part of development” add Malika Sadani and Mohit Sadani , founders of The Mothers Co.
“It has been an unbelievable journey integrating The Mothers Co into the broader Good Glamm Group framework to scale the enterprise throughout D2C, offline, and worldwide markets. The Mothers Co is very trusted for its confirmed efficacy amongst mothers and infants. The model skilled important development during the last two years and we purpose to take care of this momentum by leveraging our content-to-commerce development engine.” says Darpan Sanghvi, group founder, Good Glamm Group.
Written with the View : afaqs