Sanghvi Brands has signed a letter of intent (LOI) to enter into an agreement for a merger /acquisition/ strategic partnership with US based organization WT Global LLC subject to further discussion. The company shall further discuss the same with the Board of Directors in the Board meeting to be held on May 30, 2018.
This deal represents a significant synergy to the company's growing operations in the United States. In addition to the Salons, the company will also look to develop a product line under the Warren Tricomi brand.
Sanghvi Brands manages and operates Luxury Spa, Beauty, Wellness & Fitness Brands and one of the top largest Spa and Wellness Operator in India with license rights to operate various premium international brands including Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme.
