Shop­pers Stop CFO San­jay Chakravarti Leaves, new CEO Ra­jiv Suri Takes Charge

Perfect Sourcing - - Retail News -

In­dian fash­ion re­tail chain Shop­pers Stop has an­nounced that its chief fi­nan­cial of­fi­cer (CFO) San­jay Chakravarti will step down from the post on and new CEO will Ra­jiv Suri take charge. Shop­pers Stop had been op­er­at­ing without a full-time CEO for al­most a year af­ter Sahil Nair re­signed in Jan­uary last year. Ra­jiv takes charge of the com­pany at a time when the rev­enues are plum­met­ing and losses mount­ing. Shop­pers Stop Lim­ited rev­enue for the sec­ond quar­ter ended Septem­ber 30 was down 12 per­cent to Rs 838 crore (ap­prox $128.8 mil­lion) while net loss was Rs 21.8 crore (ap­prox $3.4 mil­lion).

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