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Sanjiv Puri to take over as chairman of ITC

Sanjiv Puri, Managing Director, ITC is likely to take over the role of its chairman following the demise of YC Deveshwar. Puri, 56, was being mentored by Deveshwar for the dual role of chairman-cum-managing director for a transition originally scheduled for 2021-22. Puri became CEO in 2017 and managing director the following year.

Puri is already chairman of ITC’s corporate management committee. An alumnus of IIT-Kanpur and Wharton School of Business, he joined the company in 1986 and rose through the ranks like his predecessor. Between 2001 and 2006, he was the Managing Director of Surya Nepal, ITC’s joint venture subsidiary in the neighbouring country. He then led the IT business subsidiary, ITC Infotech India Ltd, as its MD till 2009 when he was appointed the divisional chief executive of the cigarette business with additional responsibility for the entire cigarette and FMCG (fastmoving consumer goods) distribution and the trade marketing vertical.

In 2014, he was made president of the FMCG businesses, a new position that was created to take overall charge of the entire segment. In 2015, he became an executive director when he was made overall in charge of FMCG, paperboards, paper and packaging and agri-businesses. In 2016, he was appointed to a new role of chief operating officer. In 2017, Puri was made the CEO, taking independent charge of executive leadership at ITC when Deveshwar retired from his executive role.

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Jockey India aims for steady growth with new launches

Jockey India aims for steady growth with new launches

In order to make retail partners and clients aware of its range of outwear, menswear brand Jockey India, participated in the recent National Garment Fair for the first time. “Platforms... Read more

Demand attracts many brands to women’s denim segment

Demand attracts many brands to women’s denim segment

Demand for denim wear is growing among women globally, as a recent study by NPD Group done among US women revealed US women purchased 22 million more jeans in 2018... Read more

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Though six out of ten consumers use at least one digital channel for their shopping of apparels and garments, retailers still value the importance of physical stores. This is leading... Read more

‘NGF has grown in stature over the years,’ says CMAI President Rahul Mehta

‘NGF has grown in stature over the years,’ says CMAI President Rahul Mehta

The 69th National Garment Fair held from July 16 to 19, 2019 at the Bombay Exhibition Center, Mumbai hosted over 1,000 exhibitors representing around 1,100 brands. “This is a huge... Read more

Fashion retailers record a dip in sales for second consecutive quarter

Fashion retailers record a dip in sales for second consecutive quarter

Its slowdown for some of the biggest fashion retailers in India as retail giants like Pantaloons, Brand Factory, Shoppers Stop, Central and V-Mart reported less than 7 per cent same... Read more

LIVA ventures into saree category at the Kolkata Fashion Expo

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LIVA, the new age fabric from the Aditya Birla Group, forayed into the Saree category by launching a new collection at the recently-held Kolkata Fashion Expo. Sponsored and presented by LIVA,... Read more

New brands queer the pitch for unorganised players

New brands queer the pitch for unorganised players

Women’s ethnic wear has always been the prima donna of the women’s wear segment, sitting smugly in its invincible hold over Indian women. However, hard western wear might be trying... Read more

Kidswear to evolve with a well-structured approach

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Kidswear is evolving into an independent segment with brands adopting cool and vibrant designs in their collections. “Brands are following the right trends and carefully choosing their color combinations,” says... Read more

Pretty Secrets answers Indian women’s inner wear needs

Pretty Secrets answers Indian women’s inner wear needs

Indian women are waking up to the fact that buying lingerie is part of the essential shopping basket list and not a luxury item to be splurged on sometimes when... Read more

Parx launches sports-inspired collection for the energetic youth

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Parx, a casual wear brand known for its attitude and vibrancy has launched its autumn/winter 2019 collection. Right from its inception in 1999, the brand has been the preferred choice... Read more

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