The RCCL FMCG business is being sold to GCPL along with the trademarks of Park Avenue (for the FMCG category), KS, KamaSutra and Premium, through a slump sale.
The brands that Godrej Consumer would be acquiring from Raymond Consumer are: Park Avenue (for the FMCG category), KS, KamaSutra and Premium, through a slump sale. KamaSutra, Park Avenue – Godrej Consumer To Buy FMCG Brands From Raymond for Rs 2,825 Crore.
The company, which follows the January-December financial year, had posted a net profit of Rs 590.77 crore in the same period a year ago, Nestle India said in a regulatory filing.
Consumption of luxury goods is up dramatically since the pandemic began to wane, but India won’t experience sustained economic growth and increased prosperity unless this recovery extends beyond the rich