- Dubai-based Landmark Group’s Lifestyle hotels are witnessing leadership change.
- Rishi Vasudev – Flipkart’s top executive will the new CEO of the Dubai-based hospitality giant.
- The change in a leadership role is said to initiate from 1st June 2020.
While there is nothing much to on the ground level for the companies due to fears of COVID-19, multinationals are doing some revision from the inside. Lifestyle International stores have booked Rishi Vasudev – one of the top executives of Flipkart as its new CEO.
Sometimes ago, Raymond went for a leadership change then Walmart, HDFC Bank, and a few others took the same road. The case of Raymond’s and Lifestyle International stores is more or less the same.
Both the conglomerates have gone for leadership change, but the leaders who have been appointed had a different experience that doesn’t match with the industry in which they will lead the respective companies.
Talking about Raymond’s CEO – Sanjay Behl whose tenue just got over its CEO, there were people in Raymond who questioned his appointment. Being a seller of Nokia phones and with prior experience with Hindustan Unilever and Reliance Communications talks less about his abilities to lead a retail and fashion focused company like Raymond’s. But the man outperformed on every checkpoint of the desirable CEO list.
Now, its Lifestyle International stores who are doing more or less the same.
Any Connection Between Rishi Vasudev & Lifestyle International Stores?
Rishi Vasudev’s association with Flipkart dates back to November 2014. He was heading the Flipkart’s fashion group. Before heading Flipkart’s fashion vertical, He was the ex-CEO of Calvin Klein for 8 months, COO and VP of Arvind brands for 6 years.
There is definitely a strong connection between Rishi and Lifestyle International stores. Probably it’s a win-win situation here. Rishi Vasudev has been a crucial player for Flipkart in its fashion segment.
Rishi Vasudev took care of profit and loss for fashion categories at Flipkart and reported directly to Mukesh Bansal – Founder of Myntra.
“We are delighted to welcome Rishi Vasudev on board. His experience in fashion and consumer understanding will be a great ass to our business. He shares our Group’s people and customer focus and his rich online and technology expertise will also be integral to bringing innovative solutions to our omnichannel business goals.” – H.Ramanathan – Chairman of the Board – India, Lifestyle International.
With more than 21 years of experience in fashion and retail (online and offline), Vasudev comes with expertise and experience in managing a large business.
Back there at Flipkart, he was instrumental in creating the overall fashion strategy and differentiation for each of the business -Flipkart, Mynta and Jabong, as the group’s senior vice president and fashion group head.
At Lifestyle International stores in India, Vasudev will drive the brand’s business success through a people-first lens, in-line with the company’s ambitious growth plans in the coming years.
Summing Up:
It’s uncommon to be able to get such a perfect fit for any organization. While Sanjay Behl carried some ambiguity at the starting of his journey with Raymond’s, Rishi Vasudev cannot be questioned at all about his knowledge, experience, and expertise in the fashion and retail category.
On behalf of Next Big Brand, we wish all the best to Lifestyle International stores and Rishi Vasudev for the upcoming journey together.
