• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Spencer’s Retail To Have A Chief Executive Officer After A Gap Of Two Years

Sourav by Sourav
February 6, 2019
in FMCG
Reading Time: 2 mins read
A A
0
Spencer store

Spencer’s Retail, the retail flagship of RP Sanjiv Goenka Group, may have appointed a new CEO after the seat was vacant for about two years.

Devendra Chawla has been reportedly brought in to the company’s business as its Managing Director and Chief Executive Officer. The post will finally be filled in after a gap of two years and the appointment comes after Spencer’s Retail got listed as a separate entity in the stock market last Friday after its demerger with CESC.

The 45-year-old, who was the chief operating officer of Walmart India in his last role, will take charge next month, two senior industry executives said. Chawla’s main responsibilities will be to accelerate breakeven of Spencer’s Retail, profitable expansion and expanding the apparel private label business ‘2Bme’ into standalone stores.

Devendra Chawla, an alumnus of Harvard Business School, will be taking charge of Spencer’s Retail’s business latest by March 1st, as per speculations. Prior to this, Chawla was with Walmart India as their Chief Operating Officer.  He has also worked with Future Group India and held various positions in his stint of more than 8 years with the company. Chawla has also previously worked with Reliance Retail and The Coca-Cola Company.

The top post at Spencer’s Retail was lying vacant ever since former MD Mohit Kampani moved out in July 2016 to join Aditya Birla Group’s Retail food and grocery retailing venture, More. Spencer’s deputy CEO Vipin Bhandari had been leading the management team after Kampani’s departure and was reporting directly to the group’s sector head for retail, Shashwat Goenka.

Devendra Chawla, an alumnus of Harvard Business School, in December put in his papers at Walmart India as the Executive Vice President and Chief Operating Officer after a 15-month stint where he was responsible for merchandising, marketing, procurement and omnichannel.

The word floating around in the industry is that Kampani decided to move on as he was not able to perform independently and had differences of opinion with the promoters. Incidentally, Sanjiv Goenka’s son Shashwat, 26, was made the de facto head of Spencer’s around three years ago and was mentored by Kampani, the executives said.

Kampani, along with Shashwat Goenka, was instrumental in trimming down losses by shutting down unviable stores, moving out of unprofitable markets like Mumbai, expanding presence with large-format hypermarkets and focusing on non-food merchandise, which has higher margins. He had also led the company’s online foray which led to the acquisition of meragrocer.com last year.

Source

Previous Post

Bira 91 Appoints General Motors’ Former CFO, Vinay Jain, As Their New CFO

Next Post

Trivago’s Abhinav Kumar Joins Paisa Dukan As A Financial Advisor

Sourav

Sourav

Excellent story-teller, with a background in SEO and Digital Marketing. Likes to write and give form to opinion and incidents.

Related Posts

png 20220221 191159 0000
FMCG

Motilal Oswal Private Equity Invests in Happilo with $25 Million

February 22, 2022
png 20220213 151707 0000
FMCG

India’s Soft Drink ‘Thums Up’ Becomes a Billion Dollar Brand

February 18, 2022
Emami Founders
FMCG

Emami’s Founders Step Down as CEOs to Make Way for The Next Generation

February 3, 2022
Grofers-Zomato:NBB
FMCG

Grofers Joins Unicorn Club after CCI Approves Zomato’s $100 Million Investment

October 7, 2021
0002 5875101578 20210813 163550 0000
FMCG

Coca-Cola and Nestlé Dominate Food-Drink Sector: Brand Finance

October 7, 2021
Grofers
FMCG

Grofers— Delivering Grocery Items at Your Doorstep

October 12, 2021
Next Post
Trivago Guy Abhinav Kumar

Trivago’s Abhinav Kumar Joins Paisa Dukan As A Financial Advisor

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.