Retailer Marks & Spencer India on Wednesday stated Ritesh Mishra has been appointed as managing director for Marks & Spencer Reliance India Pvt Ltd.
Mishra, beforehand head of operations and property, takes over from James Munson who will now assume the position of M&S Worldwide retail director within the UK, the corporate stated in a press release.
Munson had led the India enterprise for the previous 5 years, overseeing important development of M&S throughout India, together with a 50 per cent improve within the variety of shops, which at present stands at 91 shops in 34 cities throughout the nation.
Mishra will proceed to steer M&S from the India help workplace in Gurgaon, Haryana, and report back to Munson, it added.
“In his new position, Ritesh will likely be answerable for main and accelerating the expansion and success of our India operations. Together with his sturdy management, M&S will proceed to stay the consumer-focused retailer that we’re, at all times retaining prospects on the coronary heart of every little thing we do,” Munson stated.
In April 2008 M&S had signed a three way partnership settlement with Reliance Retail to type Marks & Spencer Reliance India Pvt Ltd with the British agency having majority holding with a 51 p.c share, and Reliance Retail with the remaining 49 p.c share.
The JV has unique rights to function Marks & Spencer shops in India, promoting womenswear, lingerie, menswear, kidswear, magnificence, and just lately launched homeware.
M&S stated Mishra’s appointment signifies the corporate’s “values that encourage constructing expertise and experience throughout the enterprise to nurture future development and promote inner expertise”.
“It additionally strengthens the retailer’s dedication to India as a market to innovate and develop regionally as one of many largest worldwide retailers, guaranteeing buyer centricity and sustaining its place as an excellent place to work,” the corporate added.
On his new position, Mishra stated, “I’ve been entrusted with main the enterprise I like and have spent 11 years of my profession working with. I’m assured that we stay on observe with our mission of changing into the No. 1 Worldwide retailer within the nation.”
The corporate will proceed to deal with rising its omni-channel enterprise in order that extra prospects in India can store with M&S, he added.
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