India’s best known textile brand is beset with losses and the absence of professional management. Will its flamboyant owner be able to reclaim its glory days?
If a bad penny were to acquire a name at this point in time, chances are it would settle for calling itself Gautam Singhania. Because Raymond, the iconic company Singhania inherited from his father, and of which he is chairman and managing director, is now perhaps in the most precarious position it has ever been in its 96-year history.
Last year, several members of its senior management team, assiduously built over five years, quit. A replacement CEO for the lifestyle business put in his papers last month, after just seven months on the job. To think this happened at a …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai