14 July 2022, Mumbai:
Raymond has appointed Atul Singh as group leader. The group is on a transformation journey, strengthening its leadership by bringing in diverse experience on board.
Singh comes with a diversified experience of over 35 years leading multi-billion dollar businesses across several geographies globally.
He worked at Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as chairman, Asia Pacific, and spearheaded businesses across 25 countries.
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Prior to joining Coca-Cola, he worked at Colgate-Palmolive for ten years where he held several leadership positions globally.
Raymond, India’s leading textile, apparel, retail and real estate conglomerate, is gearing to mark its centenary year in 2025 and is at an inflection point and has embarked upon the journey to be a future ready organization to achieve profitable growth and value unlocking. Raymond is witnessing a demand surge to the tune of 60 per cent for both its apparel and fabric segments. Demand growth is aided by the favorable low base of last year.
People are coming to the brand’s physical stores though they are maintaining caution. Also, average spending by customers has increased. The pandemic significantly affected its revenues in the first half. However, the gradual unlocking in the second half of the fiscal helped the company witness an encouraging rebound in the market.
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