On 6th November 2020, Shoppers stop appointed Venugopal Nair as their MD and CEO.
Shoppers Stop in a regulatory filing said, “Nair has also been appointed as a Managing Director, designated as managing director and chief executive officer of the company for a period of three years effective November 6, 2020, subject to the approval of shareholders of the company.”
Previously, Nair was the CEO of Tata Group retail arm Trent’s retail chain Westside. Before joining Westside, Nair was the managing director of Marks and Spencer Reliance Pvt. Ltd. He has held leadership roles with various brands including, Madura Garments and Arvind Mills.
The company’s previous MD and CEO was Rajiv Suri. He resigned from the position in August 2020 due to personal reasons and to pursue a career in a company outside India. He was appointed as the CEO in January 2018.
Shoppers Stop is an Indian department store chain owned by the K Raheja Corp. The Corp has 86 stores across 40 cities in India, with clothing, accessories, handbags, shoes, jewelry, fragrance, cosmetics, health and beauty products, home furnishing, and décor products.