As chief executive officer and president of Shoppers Stop, the country’s leading department store chain, Govind Shrikhande has been part of the careening growth of India’s retail market over the last 17 years.
He has left the retailer after a significant nine months: Amazon India invested in Shoppers Stop last November, three key investments were sold and the company is on the path to become debt free by the end of this financial year in March 2019. Shoppers Stop reported a net profit of 97.70 million rupees, or $1.42 million at current exchange for the quarter ended June 30, versus a net loss of 37.10 million rupees, or $530,000, in the corresponding quarter a year ago.
Ralph Lauren can add a new notch to his leather belt: Honorary Knighthood. A representative of Her Majesty Queen Elizabeth II will present the honor to the iconic American designer at a ceremony next year, reports @lisajlockwood . #wwdnews
Cosmetics entrepreneur Charlotte Tilbury came face to face with one of her inspirations when Queen Elizabeth handed her an MBE, or Member of the Most Excellent Order of the British Empire, at Buckingham Palace earlier today. #wwdbeauty
Stella McCartney has been designing wedding looks for customers, friends, family — and herself — for years.
And now, leveraging the success of the dress she designed for the Duchess of Sussex’s wedding reception in May, McCartney is launching, Made with Love, a bridal line including eight dresses and an ivory tuxedo, reports @natalietheodosi . “I feel very protective over the bride, because I know what it was like when I got married, and for me to do my own wedding dress. There are moments that are so personal and private, so emotional and loaded with many different issues,” McCartney told WWD in an interview in June. “I think we are really blessed to have the emotional trust with a woman. She’ll come in and feel the love that we put into everything. What she chooses can be conventional or unconventional. It’s a personal experience.” #wwdnews