Lifestyle International Pvt. Ltd., part of Dubai-based retail and hospitality conglomerate Landmark Group, first announced the exit of Vasanth Kumar as Managing Director of its India operations in January this year.
It was reported that he would be transitioning from his role at Lifestyle International, effective 30 June 2020.
Vasanth recently confirmed that he has stepped down from his position of the retail company, further sharing that Shital Mehta and Rishi Vasudev (from Flipkart) will now be taking the leadership position.
Vasanth wrote on his LinkedIn page, “Finished my 30+ years of corporate career after a memorable 15-year-stint at Landmark group – as I stepped down from my full time role as MD, Lifestyle International yesterday.”
“My journey began with starting Max Fashion from scratch onto creation of EasyBuy apparel in the economy segment culminating in consolidating Lifestyle Stores and Home center in the premium segment,” he further added.
Vasanth also wrote, “My heartfelt thanks to all the team members for enabling me achieve multiple milestones in Landmark India.”
Finally, he extended his good wishes to Shital and Rishi, “Wishing the new leadership team Shital Mehta, MD Lifestyle International and Rishi Vasudev, CEO Lifestyle and Home center all the very best in their new roles at Landmark India!”
During the transition period, Vasanth will continue to support and guide the leadership team until 30 September this year.
Vasanth was appointed as the MD of Lifestyle International in 2017.