Fashion e-tailer Jabong has roped in former Benetton India MD Sanjeev Mohanty as its Chief Executive Officer (CEO) and Managing Director (MD), effective early December 2015.
Fashion e-tailer Jabong has roped in former Benetton India MD Sanjeev Mohanty as its Chief Executive Officer (CEO) and Managing Director (MD), effective early December 2015.With his appointment, perhaps for the first time, Indian e-commerce would witness a chief executive from a traditional retailer heading an online venture in India. Mohanty leaves Benetton after spearheading the Indian unit for 11 years, during which he made the Italian giant the largest international fashion brand in the country. Benetton India reported retail sales of about Rs 2,000 crore last fiscal. Thus, he will take the expertise of Benetton, which operates via the franchise model in India, to Jabong.
Romain Voog, CEO of Jabong's parent company Global Fashion Group (GFG), said in an emailed statement, "Sanjeev brings unparalleled domain knowledge of the Indian fashion and retail industries spanning over two decades, as well as a solid track record of transforming businesses to achieve rapid growth and profitability. This, along with continued commitment from GFG's shareholders, will help strengthen Jabong's position as India's leading fashion destination." On his appointment, Mohanty said, "Online commerce is reshaping the Indian consumer's shopping habits and I am delighted to have the opportunity to spearhead an industry leader."