GOAT Brand Labs completes full acquisition of Frangipani

GOAT Brand Labs has acquired the remaining stake in Frangipani from its founders.

GOAT Brand Labs stated that the acquisition has been done as per the terms of the original plan.

Sunaina Patel and Mansi Kilachand, Founders, Frangipani, said, "As founders of this business, which was started as a brand for our own kids and has always been a labour of love for us, we are happy that the partnership with GBL has been successful. We hope that in GBL's capable hands, the brand will achieve newer heights."

Rishi Vasudev, CEO and Co-Founder, GOAT Brands Labs, said, "Sunaina and Mansi have played a pivotal role in growing Frangipani over the last 10 years. With GBL taking full control, we will continue using all our D2C platform capabilities to accelerate the brand for the next level of growth. I wish the founders the very best and thank them for all their efforts in bringing the brand to this point."

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