Representative image Indian apparel firm Raymond Lifestyle will hire about 9,000 workers for hundreds of stores it plans to add in the next three years, Group Chairman Gautam Singhania told Reuters. Founded in 1925, Raymond’s business, which also includes its real estate and engineering units, spun off its lifestyle division earlier this year to simplify…
Leading textiles and apparel company Raymond has received a “huge number of inquiries” from global firms after the crisis in neighbouring Bangladesh and is ready to grab this opportunity, its Chairman & Managing Director Gautam Hari Singhania said. Raymond, which has invested in its garmenting facility to become the third largest suit maker in the…
Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
Gautam Singhania, chairman of Raymond Mumbai: Raymond Lifestyle (RLL), the demerged entity of the ₹9,286-crore conglomerate Raymond, has appointed some top executives of India Inc as independent directors ahead of a possible listing next month. Vineet Nayar, former chief executive of HCL Technologies, GC Chaturvedi, former chairman of ICICI, Anisha Motwani, board member of Abbott,…
Gautam Singhania, Managing Director, Raymond Mumbai: Gautam Singhania, chairman and managing director of fabric and apparel major Raymond, said his personal life has nothing to do with his businesses, which have demonstrated significant transformation and growth since the pandemic. Singhania, 58, is in the midst of a settlement dispute with estranged wife Nawaz Modi Singhania,…
Gautam Singhania, Managing Director Raymond The Independent Directors of Raymond have hired an independent senior legal counsel to advise the company amid the ongoing marital dispute between Chairman and MD Gautam Singhania and Nawaz Modi, the company said in a stock exchange intimation on Friday. “The Independent Directors are alert to ensure that the matrimonial…
Gautam Singhania, Managing Director Raymond Institutional Investor Advisory Services (IIAS), an Indian proxy advisory firm, on Tuesday urged the independent directors of textile company Raymond Ltd to launch an investigation into the allegations of assault against its managing director. According to local media reports, Nawaz Modi Singhania – the wife of Managing Director Gautam Singhania…
Gautam Hari Singhania Concerned about the substantial drop in stock prices due to investor concerns stemming from the family dispute, Gautam Singhania, chairman and managing director of Raymond, has sent an email to the company’s board and employees, assuring them that challenges in his personal life wouldn’t impact the group’s businesses. The communication is intended…
