Raymond gains ~2% as Sunil Kataria assumes CEO's position for Lifestyle business

9 Mar 2022 , 03:29 PM

Raymond Limited, India’s leading textile, apparel and retail conglomerate, in its press announcement today disclosed the appointment of Sunil Kataria as the CEO of the company’s Lifestyle Business. Raymond, with its iconic legacy of 97 years bolstered its leadership by appointing the seasoned professional popular for his active role in leading large-scale business transformations and creating strong brands in India and the southeast Asian region.

In assuming Raymond’s operations as CEO, Sunil will drive the next phase of growth through strengthening the brand’s presence in the domestic and international markets.

Talking about this development, Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd stated, “Raymond believes in procuring industry’s finest talent that matches with our vision to create a future-ready organization. In the past few years, we have been taking impactful steps and creating brands and retail experiences for our new-age and years old loyal customers. I would like to heartily welcome Sunil to the Raymond family, and have this faith that he would be instrumental in accelerating growth for the business in India and international markets.”

Lifestyle business is Raymond’s flagship business segment which comprises branded textiles, garments, shirting, apparel and retail business including brands such as Raymond Ready-to-wear, – Raymond, Park Avenue, Parx, ColorPlus, Raymond Made to Measure, and Ethnix by Raymond. Sunil will guide the ongoing transformation journey of the company to create a future-ready Raymond.

Raymond ended at Rs686 up by Rs11.15 or 1.65% from its previous closing of Rs674.85 on the BSE. It touched the day’s high and low of Rs696 and Rs674.40 respectively.