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Leena Nair named CEO of French fashion house Chanel

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3 years ago

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Leena Nair named CEO of French fashion house Chanel

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.

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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.

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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

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

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3 weeks ago

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October 10, 2024

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.

Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.

Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.

Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.

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The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.

BCCI’s tribute

Additionally, the BCCI issued a statement about his demise.

“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.

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His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.

Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.

Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.

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