Landmark Group rejigs top management; Shital Mehta joins Max Retail as CEO
The present MD of Lifestyle International Kabir Lumba will move to new position within Landmark Group, as CEO of Max Fashion and Director at the Landmark Group in the Middle East, based out of Dubai, the company said in a statement.
Lumba has led the Lifestyle and Home Centre business for the past 14 years and has built Lifestyle International, into one of the most respected retail companies in India, the statement said.
Lifestyle brand currently has 62 stores in the country with plans to add 6 more stores by March 2017 and has earmarked 60 crore (approx $9.3 million for the same.
The company has appointed Shital Mehta as the executive director and CEO, Max Retail Division; he will take charge in January 2018. Mehta has over 23 years of experience with the last 17 years at the Aditya Birla Group in India. At Aditya Birla, Mehta was responsible for building and expanding leading menswear brands.
Max Fashion will be adding 20 new stores this year with an investment of Rs 120 crore (approx $18.5 million and eyeing a turnover of Rs 3000 crore ($461.5 million) in this financial year.
On the rejig and appointments Chairman, Lifestyle India Board, Ramanathan Hariharan in a statement said, “It gives me immense pleasure and pride to see our leaders continue to flourish and take on new challenges within the group. I am confident that the new leadership will benefit people and the business.”
The Dubai-based $9 billion Landmark Group owns brands like Lifestyle, Max Fashion, Home Centre, Spar Hypermarkets and EasyBuy.
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