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Tag: named

  • Former Flipkart Executive, Jeyandran Venugopal, Named New CEO of India’s Reliance Retail

    Former Flipkart Executive, Jeyandran Venugopal, Named New CEO of India’s Reliance Retail

    Reliance Retail Ventures (RRVL), the parent company of Reliance Retail, has just announced the appointment of Jeyandran Venugopal as its new President and CEO. Venugopal is a former executive of Flipkart, bringing with him over 25 years of global leadership experience in retail, e-commerce, and technology.

    A New Era with Venugopal

    Venugopal’s previous roles include serving as the Chief Product and Technology Officer at Flipkart. He has also assumed senior positions at Myntra and Jabong, where he supervised product, engineering, and data functions. These positions allowed him to gain invaluable experience during periods of rapid growth and profitability enhancement.

    In his new role, Venugopal is set to collaborate closely with RRVL’s Director, Isha Ambani. Together, they aim to enhance the company’s retail strategy, expand its capabilities across all channels, and fortify both operational and technology functions throughout RRVL’s value chain.

    Ambani expressed confidence in Venugopal’s expertise and anticipates it to be significant in the company’s next growth stage. “Venugopal’s deep understanding of consumer behaviour, commercial acumen, and technology-led retail transformation will be pivotal as we shape the next phase of RRVL’s growth journey,” Ambani added.

    Questions & Answers

    Who is Reliance Retail Ventures’ new CEO and President?
    Jeyandran Venugopal, a former executive of Flipkart, has been appointed as the new CEO and President of Reliance Retail Ventures.

    What experience does Venugopal bring to RRVL?
    Venugopal carries with him over 25 years of global leadership experience in retail, e-commerce, and technology. He has previously served as the Chief Product and Technology Officer at Flipkart and held senior roles at Myntra and Jabong.

    What role will Venugopal play in RRVL’s growth?
    Venugopal is expected to play a central role in the next phase of RRVL’s growth. His deep understanding of consumer behavior, commercial acumen, and experience in technology-led retail transformation will be a critical asset as RRVL shapes its future growth strategy.

  • Tata Motors Restructures Into Two Entities, Aiming For Enhanced Business Focus

    Tata Motors Restructures Into Two Entities, Aiming For Enhanced Business Focus

    In a major strategic move, Tata Motors has announced a significant restructuring of its company. As of October 14th, the company was divided into two separate entities – Tata Motors Passenger Vehicles and TML Commercial Vehicles. Despite the split, the passenger vehicles division remained listed on the stock exchange under the name “Tata Motors.” However, this will change as of October 24th when the name will officially become “Tata Motors Passenger Vehicles,” complete with a new logo.

    Consolidation of Commercial Vehicle Division

    Tata Motors has also unveiled plans to consolidate its Commercial Vehicle (CV) division and all associated investments under one dedicated entity. Concurrently, the Passenger Vehicle (PV) business and its related assets will be placed in a separate company. This move is intended to streamline operations and create a sharper focus on the different business segments.

    The restructuring has had a notable impact on the company’s share price, which has seen a significant drop since the division was announced. This change, however, reflects the separation of the commercial vehicle business rather than a reduction in investor value.

    Specialized Entities for Robust Operations

    The restructuring has led to the formation of two specialized entities. Tata Motors Passenger Vehicles Limited will be responsible for cars, SUVs, EVs, and the Jaguar Land Rover business. In contrast, the newly formed Tata Motors Limited will concentrate exclusively on commercial vehicles like trucks, buses, and pickups. This strategic split is intended to enhance business focus and unlock greater value in India’s vibrant automotive sector.

    The newly formed Tata Motors Commercial Vehicles Limited (TMLCV) is set to be renamed Tata Motors Limited once the necessary regulatory approvals have been secured. Until then, TMLCV shares will remain unlisted, a process that typically takes between 45 to 60 days. Meanwhile, the previous derivative contracts expired on Monday, and fresh F&O contracts for Tata Motors Passenger Vehicles Limited (TMPVL) started trading on Tuesday. However, TMLCV won’t be available for F&O trading immediately.

  • Maria Grazia Chiuri named chief designer at Italian label Fendi

    Maria Grazia Chiuri named chief designer at Italian label Fendi

    LVMH, a French luxury corporation, announced on Tuesday that they have appointed Maria Grazia Chiuri, formerly the women’s designer for Dior, as the new creative director for the Italian fashion label Fendi. Her inaugural collection is set to debut in February.

    Maria Grazia Chiuri’s Journey to Fendi

    Chiuri’s last Dior runway show was in Rome, her home city, which took place in May. This was before Jonathan Anderson assumed the role of creative director at the French fashion house in June.

    Chiuri joining Fendi is one of many recent high-profile moves in the fashion industry, with new creative directors being installed at top brands such as Gucci, Balenciaga, and Chanel.

    A Granddaughter Steps Down

    Chiuri, who is 61 years old, will take up the reins from Silvia Venturini Fendi, a descendant of the original founders of the design house.

    Feminist messages were a frequent feature of Chiuri’s fashion displays during her tenure at Dior, adding a unique touch to her shows.

    Questions & Answers

    Who has been appointed as the new creative director for Fendi?
    Maria Grazia Chiuri, the former women’s designer for Dior, has been named the new creative director for Fendi.

    Who did Maria Grazia Chiuri replace at Fendi?
    She replaced Silvia Venturini Fendi, a granddaughter of the original founders of the design house.

    What unique aspect did Maria Grazia Chiuri incorporate into her Dior fashion shows?
    During her time at Dior, Chiuri often included feminist messages in her fashion shows.