Latest News | Nykaa Fashion CEO Nihir Parikh Quits with Immediate Effect
Get latest articles and stories on Latest News at LatestLY. Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday.
New Delhi, Dec 5 (PTI) Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday.
Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd.
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"Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing.
The fashion vertical accounts for less than 10 per cent of the company's revenue.
The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical.
The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)