John Abraham Acquires Minority Stake In Guardian Healthcare
The popular Bollywood actor John Abraham has successfully acquired a minority stake in Guardian Healthcare which is a chain of health, wellness, and beauty stores based in Mumbai. The company operates as a franchise partner of US-based health and nutrition company GNC in India.
The financial details of the deal have not been disclosed, however, it has been reported that this funding is expected to value the company at about $36.46 million (Rs 250 crore).
“John is extremely passionate and disciplined about fitness and his relationship with the company will be much beyond endorsement fees,” said Shadab Khan, CEO of GNC India.
The healthcare company aims to provide care, cures, and convenience to the customers and has employed its pharmacies with qualified and highly trained professional...