Chaturvedi, currently CEO of Arvind’s other businesses including Tommy Hilfiger, Calvin Klein and Arrow, will assume charge in February when Suresh moves to an advisory role and the 64-year-old Suresh also continue to be on the board of Arvind Fashions.
“Suresh is retiring on 31st January and Sailesh is taking over,” said one of the persons.
The BSE-listed Arvind Fashions operates thousands of outlets of US Polo, Aeropostale, Flying Machine, cosmetic chain Sephora among other chains.
Chaturvedi is also an Arvind veteran and has worked in different roles in the company for 14 years and currently handles Arvind other partner brands of Tommy, CK and Arrow businesses.
In September, Arvind called off its franchisee partnership with Gap Inc. six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap's India business.
“We wish to inform that Arvind Lifestyle Brands Limited, a wholly owned subsidiary of
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