Dubai-based Landmark Group has promoted Kabir Lumba to the position of chairman of its board of directors.
Lumba will replace Ramanathan Hariharan, who will retire from his position in June 2021 while Lumba will charge on the 1st of April 2021. Additionally, Lumba will also hold the charge of CEO of Landmark Retail Middle East.
Lumba had over two decades of experience in senior leadership roles and had led the Lifestyle; Home Centre businesses in India for over 14 years before taking over the role of CEO, Max Middle East in 2018 and subsequently the CEO of Landmark Group.
Founded in 1973 in Bahrain, the Landmark Group is one of the largest retail groups in the Middle East. It entered the Indian market in 1999 and currently operates formats including Lifestyle department stores chain, Home Centre, and Max Fashion in the country.
Lifestyle International had reported strong sales of Rs 8,467 crore ($1.19 billion) for the last financial year with a net profit of Rs 426 crore.
