Aditya Birla Retail (ABRL), which runs the fourth-largest supermarket chain in the country, has appointed Mohit Kampani, former managing director of Spencer’s Retail, as chief executive officer.
The Economic Times, which reported the development, citing a mail that circulated within employees of ABRL, said Kampani will take over the charge of food and grocery retail business of the firm from October 3.
Email queries sent to Aditya Birla Retail and Kampani did not elicit response at the time of publishing this report.
Kampani is going to replace Vishak Kumar, who will now become CEO for Aditya Birla Fashion and Retail, a consolidated unit of the Aditya Birla Group’s branded apparel business.
An alumnus of Xavier Institute of Management, Kampani will be reporting to the group’s director for retail and apparel business, Pranab Barua.
Kampani, who quit Spencer’s Retail in July this year, has been working with Biswa Bangla Marketing Corporation, an initiative by the West Bengal government to promote the state's dying arts and crafts. Kampani had also been associated with Colgate Palmolive in the past.
Aditya Birla Retail was recently reported to be in talks with Kishore Biyani-led Future Group to sell its mega-market brand ‘More’.
Aditya Birla Retail posted net sales of Rs 2,893 crore during FY2014-15, according to VCCEdge, the data research platform of News Corp VCCircle.
Future Group, the second-biggest brick-and-mortar retailer after billionaire Mukesh Ambani-led Reliance Retail Ltd, seems to be banking on the inorganic route to consolidate its presence in the retail space.
It has recently bought Sangam Direct, a chain of retail stores earlier known as Sabka Bazaar, from Wadhawan Retail Ventures Pvt. Ltd for an undisclosed amount. This is Future Group’s fourth acquisition since 2012, after Big Apple, Nilgiri’s and Bharti Retail
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