Retail
Vineet Gautam Steps Down as CEO of BESTSELLER India After 15 Years
TFW Bureau
Nov 22, 2024 - 2 min read
As the company searches for Gautam’s successor, Mrithyunjay Amblimath, currently Head of Sales, will take on the role of interim leader for BESTSELLER India.
BESTSELLER India has announced that Vineet Gautam, CEO and Country Head, will step down from his position on December 31, 2024, marking the end of a 15-year tenure. During his time with the organization, Gautam played a pivotal role in shaping the retail landscape in India by introducing and establishing popular brands such as JACK and JONES, VERO MODA, ONLY, and SELECTED HOMME. Today, BESTSELLER operates 332 standalone brand outlets and is present in over 1,578 shop-in-shops across the country.
Gautam stated, “When I began this journey 15 years ago, my goal was to bring a new wave of fashion to India. The success we’ve achieved together – from launching brands to creating a robust retail network – has been deeply fulfilling. I am incredibly proud of the team at BESTSELLER India, whose passion and commitment have made us a market leader. As I step away, I am confident that the legacy we’ve built will continue to thrive.”
As the company searches for Gautam’s successor, Mrithyunjay Amblimath, currently Head of Sales, will take on the role of interim leader for BESTSELLER India. Amblimath, a key figure in the leadership team for several years, has extensive experience in overseeing strategic growth and driving operational efficiencies.
Anders Holch Povlsen, CEO and Owner of BESTSELLER said, “Vineet’s contribution to BESTSELLER India cannot be understated. As he steps down, we are grateful for his years of service and contribution to the organisation. Looking ahead, I am excited about the immense potential India holds and our continued journey of growth and expansion in this incredible country.”
India remains a significant focus market for BESTSELLER as the company continues to prioritize enhancing its retail operations, fostering innovation, and delivering exceptional customer experiences. The leadership transition comes at a time when BESTSELLER India is poised to build on its strong foundation and capitalize on growth opportunities in the evolving retail sector.
