One year and 10 months after Marks and Spencer Reliance India elevated him to the top job in the company, Ritesh Mishra has quit as the Managing Director after a 13-year stint with the British department store.
Rising through the ranks at Marks and Spencer Reliance from Manager-Merchandising to Head-Retail-Operations and Property, India, Mishra was elevated to the position of Managing Director in 2021.
Global apparel, food and homeware retailer M&S entered into a joint venture with Reliance in 2008 after its plans to venture through the franchise route failed. The British firm holds a 51 per cent share in the JV with Reliance Retail holding the remaining 49 per cent share.
The JV has exclusive rights to operate Marks & Spencer stores in India, selling womenswear, lingerie, menswear, kidswear, beauty, and recently introduced homeware. Currently, the brand has100 stores across the country.
