Venu Nair, former MD of Shoppers Stop, has joined apparel marketplace Myntra as chief of strategic planning and omnichannel, effective Wednesday. He would be reporting to Myntra’s CEO, Nandita Sinha. Nair resigned from his role as Shoppers Stop’s managing director and CEO on 3 August 2023, owing to personal circumstances. He has led the firm since […]
Adani Wilmar has appointed Jignesh Shah as the new head of media and digital marketing. Shah, with over 20 years of experience, including a decade at Adani Wilmar, will be responsible for strategic promotion across the company’s flagship brand, “Fortune,” and other popular brands in the oil and food portfolios. Alongside this role, Shah will […]
Cisco has disclosed plans to trim its global employee count by 5 per cent, equivalent to over 4,000 positions, as part of its strategic response to navigating a challenging economic landscape. The decision arrives amidst a broader trend of tech firms grappling with economic uncertainties, leading to significant layoffs across the sector. The announcement of […]
Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for over USD 2 billion, according to a company filing on Friday, shortly after laying out a plan to sell his shares over the next year. The sale took place on Wednesday and Thursday, according to the fillings. Last week, Amazon […]
Unilever said on Thursday that Nitin Paranjpe, its chief people and transformation officer, will retire in mid-2024, about 37 years after joining the consumer giant as a management trainee. “I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever […]
Jockey International has appointed Christopher Carroll Smith as director of the firm effective 8 February 2024, as a representative of Jockey International Inc, USA, subject to shareholder approval via postal ballot, according to a regulatory filing. Smith has been appointed as an additional director following Mark Fedyk’s resignation from the company’s board on 8 February 2024. Smith, […]
Hindustan Unilever (HUL) revealed on Wednesday top-level changes to its management committee, which controls the company’s operations. According to a business announcement, Shiva Krishnamurthy (49) will join the HUL Management Committee as Executive Director, of Foods and Refreshment. HUL owns brands such as Rin, Surf Excel and Dove. Srinandan Sundaram, Executive Director, Foods and Refreshment, […]
H&M’s CEO resigned unexpectedly on Wednesday and business veteran Daniel Erver took over with immediate effect, as the Swedish apparel brand battles to increase sales and profitability. Shares in the Swedish fashion store fell 8 per cent after outgoing CEO Helena Helmersson announced her decision to quit the firm after four years in charge, describing the post […]
After a three-decade stint with Unilever in various markets, senior business leader Sandeep Kohli is set to come back to India to take up the role of CEO and Aditya Birla Group’s much-talked about jewellery venture, Novel Jewels, as its CEO Aditya Birla Group (ABG) has taken significant steps in upping its focus on the […]
Superdry’s Chief Financial Officer Shaun Wills will step down at the end of March, as the struggling fashion store revealed a larger half-year deficit on Friday as odd weather slowed sales amid a cost-of-living problem. Giles David has been designated the retailer’s interim CFO, starting 29 January. The London-listed firm reported an adjusted loss before tax […]
