Arvind Fashions appoints Shailesh Chaturvedi as MD & CEO

After stepping down from his active role, Suresh will continue on the Arvind Fashions Limited board and also advise the board on key strategic issues.

Chaturvedi was previously the managing director and CEO, PVH-Arvind brands, a joint venture that houses eminent brands Tommy Hilfiger and Calvin Klein, and also led the Arrow brand for Arvind Fashions.

“We would like to thank Suresh for his contribution and dedication in creating a great platform for us to build on. Under his leadership over the past 15 years, Arvind Fashions has built some of India’s most aspirational brands, which are poised to grow rapidly in the years to come. I would like to wish Shailesh the best in his new role at the company, and am confident that he will lead us successfully in our next phase of growth," said Sanjay Lalbhai, chairman and non-executive director, Arvind Fashions Limited.

Elaborating on the route map for the company and its new leadership, Kulin Lalbhai, director, Arvind Fashions Limited (AFL) said, "Chaturvedi is one of our strongest leaders who has successfully grown several of our brands over the last 15 years. He joined Arvind in 2006 to lead Tommy Hilfiger and has been instrumental in establishing it as one of the most admired and aspirational brands in the country. He has deep expertise in working with international brands that gives him a unique insight into bringing global best practices into Indian market, which will be very valuable to AFL going forward. With his proven strength in building strong brands, Chaturvedi is well-equipped to take over this mantle and help us drive value for all our stakeholders.”

Arvind Fashions has a clearly articulated game plan to achieve its business goals going forward where the company will focus its energy and resources on six key brands, rapidly scale up its business through digital capabilities and continue expansion into adjacent categories to provide global fashion experiences to Indian consumers. With growing preference for casual wear and the festive season spurring recovery, the company is well poised to gain steady growth momentum.

"Arvind Fashions has an extremely powerful portfolio of brands which are market leaders in their respective segments. I am looking forward to working with the team at AFL to steer these brands through their next phase of growth. I am grateful to the board for this opportunity and look forward to an exciting journey of rapid growth and excellence for the company," said Chaturvedi.

A proven leader in the textile and apparel space with a total career that spans 28 years, Chaturvedi has launched and developed some of the biggest brands in Indian retail including Tommy Hilfiger, Calvin Klein, Arrow, Louis Philippe, Van Heusen and Allen Solly. Before his long stint in building the bridge to luxury brand portfolio for Arvind, Chaturvedi served as the head of Benetton plc's (Italy) wholesale business in Asia Pacific region based at Hong Kong , where he was responsible for developing its business in countries like Australia, Taiwan, Thailand, Singapore, Hong Kong, Indonesia, Vietnam, Philippines, and Malaysia.

Fibre2Fashion News Desk (RKS)