Nair has a 30-year career at Unilever and most recently served as the head of human resources and a member of the company’s executive committee.

A British born in India, Nair is at the helm of this strictly controlled family fashion company, a rare outsider, known for his tweed suits, quilted handbags and No. 5 perfume. The 52-year-old follows American businesswoman Maureen Chiquet, who comes from a fashion background and served as the chief executive officer of Chanel for nine years before the beginning of 2016.

The 73-year-old French billionaire Alain Wertheimer (Alain Wertheimer) and his younger brother Gerard Wertheimer (Gerard Wertheimer) co-own Chanel (Chanel), initially served as a temporary CEO, and will now serve The post of global executive chairman.

Chanel was founded in 1910 by fashion legend Gabrielle “Coco” Chanel on rue Cambon in Paris. At that time, it was a hat boutique and gradually became synonymous with French fashion.

The organization stated that Nair, which manages 150,000 people at Unilever, will join in at the end of January and will be based in London. It added that the new appointment will ensure its “long-term success as a private company.” Nair’s recruitment came at a time when the fashion industry was at a low point, and he emerged from the ranks of Unilever, initially as an intern at a factory. Pressure to adopt a more inclusive approach.

According to the Harper’s Bazaar profile released last month, under her leadership, Unilever has achieved gender equality in global management, which also highlights her commitment to pay a living wage throughout the supply chain.

Nair serves as a non-executive board member of BT and previously served as a non-executive director of the British government’s business, energy and industrial strategy departments.

Chanel has been vigorously defending its independence and did not begin to announce financial results until 2018. It said in July that it expects this year’s sales to increase by double digits from the $12.3 billion before the 2019 pandemic.

Bernstein luxury goods analyst Luca Solca said that Chanel is following the trend of attracting executives from the consumer packaged goods industry.

“Unilever and P&G are the management reserves of the relatively young luxury industry,” he said, referring to LVMH general manager and former president of P&G Europe Antonio Belloni and Estee Lauder. Fabrizio Freda (Fabrizio Freda) P&G veteran.

Complete News Source : Hindustan Times