Key Points
The potential deal will give Godrej Consumer bigger play in the mens personal care and sexual wellness categories..
The Singhania-family owned Raymond group has been looking to divest its consumer care business for over two years now, since the group believes this is a non-core business in its portfolio, according to one of the persons mentioned above.AgenciesRepresentative.
Godrej Consumer Products Ltd (GCPL) is in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condoms, people aware of the development said...
Mid last year, direct-to-consumer company Good Glamm Group called off talks to acquire Raymonds consumer care business since it was unwilling to pay the price asked by the latter, according to people directly aware of the development..
The development comes at a time when Godrej Consumer Products, which has a portfolio of personal and home care products including Cinthol mens grooming, Ezee liquid detergent and household insecticide brands Hit and GoodKnight, is witnessing steady recovery in consumer demand in the year...
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