Kampani joins ABRL as CEO, Ashish Dikshit to head fashion business

Mohit Kampani has joined, Aditya Birla Retail (ABRL) as the new CEO from Spencer’s Retail where he was the managing director. Aditya Birla Retail operates the More chain of supermarkets and hypermarkets. Kampani will take charge of the food and grocery retail business. His first major goal will be to turn More profitable and organise the business amid increased competition from e-commerce companies. Aditya Birla Retail reported a revenue of Rs 2,948 crores in 2014-15, a net loss of Rs 571 crores and total debt of Rs 5,232 crores. It’s the fourth largest supermarket chain in the country, after Future Group, Reliance Retail and D’Mart and operates about 700 stores covering about two million square feet of retail space.

Meanwhile the Aditya Birla Group has elevated Ashish Dikshit as the overall head of the fashion business covering Madura Fashion & Lifestyle, Pantaloons and the international brands the group operates in India. Dikshit was the chief executive of Madura till now. He will also be overseeing the fast fashion business of Forever 21, the country rights of which the group holds. Aditya Birla Fashion has more than 7000 points of sale across over 375 cities and towns, which include more than 2000 exclusive brand outlets.