We’ll double revenue by March: Sanghvi gears up for multiple brand launches

We’ll double revenue by March: Sanghvi gears up for multiple brand launches

Sanghvi Brands is planning to double its revenue from Rs40 crore to Rs80 crore by March next year, according to a report published by Live Mint.

The owner of MyGlamm is hoping to add four new brands to its portfolio of international wellness marques, which includes L’Occitane Spa and ELLE Spa & Salon, by the end of the first quarter of 2017.

“We will launch Rossano Ferretti in Delhi soon. There are a few more launches which are planned for November and December. The plan is to add four new brands to our portfolio by March 2017,” Darpan Sanghvi, Managing Director of Sanghvi Brands told Live Mint.

The company is expected to double the number of spas it operates across India by next year, bringing the total to 60, as well as open spas in the US, Middle East, Sri Lanka, Maldives and Mauritius by 2017’s close.  

 

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