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Good Glamm CEO issues public apology amidst funds crunch, unpaid salaries’ crisis

  • Good Glamm Group CEO Darpan Sanghvi issues public apology for financial troubles, acknowledging delays in salary payments and assuming moral responsibility.
  • Financial downfall attributed to failed brand-acquisition deal that was expected to bring crucial funds, but was derailed by the acquiring company CEO's abrupt departure.
  • Employees, including those who have not been paid since February, express growing frustration as the company struggles to meet salary obligations, leading to office closures and partial salary payments.
  • Despite CEO's reassurances of efforts to secure funding, discontent among staff persists, with no clear resolution in sight amidst unpaid salaries and looming legal actions from lenders.

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