Arvind Fashions has appointed ShaileshChaturvedi as the new CEO of the company in place of J.Suresh who will retire early next year after being at the helm of the fashion retailer for more than 15 years
As per Economic Times, Chaturvedi will assume charge in February when Suresh moves to an advisory role. He is currently the CEO of Arvind’s other businesses including Tommy Hilfiger, Calvin Klein and Arrow,
Prior to this, Chaturvedi has worked in different roles in the company for 14 years and currently handles Arvind other partner brands of Tommy, CK and Arrow businesses. The BSE-listed Arvind Fashions operates thousands of outlets of US Polo, Aeropostale, Flying Machine, cosmetic chain Sephora among other chains.
In September, Arvind called off its franchisee partnership with Gap Inc. six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap's India business.