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Tailoring a turnaround: Satyaki Ghosh takes the helm at a struggling Raymond

January 20, 2026

News Tailoring a turnaround: Satyaki Ghosh takes the helm at a struggling Raymond Soumya Gupta 5 min read 20 Jan 2026, 11:03 am IST Raymond’s apparel portfolio includes men’s westernwear brands Raymond, ColorPlus, Park Avenue, as well as Ethnix. (Mint) Summary Raymond Lifestyle has appointed Satyaki Ghosh as CEO, its fourth since 2020, as slowing demand, store closures and margin pressure force a rethink of its apparel expansion strategy. Gift this article This is a Mint Premium article gifted to you.

Credit: Livemint

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Subscribe now MUMBAI : Raymond Lifestyle is turning to fresh leadership to navigate a darkening retail landscape, appointing Satyaki Ghosh as CEO—the fourth executive to hold the mantle in just five years.
Ghosh, who most recently led Grasim Industries’ Cellulosic Fashion Yarn division, takes over the branded apparel company with immediate effect, bringing a resume that includes stints at L’Oreal, Spencer’s Retail, and PepsiCo.
Ghosh enters a role that has seen significant churn since 2020.
He follows Sanjay Behl, who stepped down that year, and Joe Kuruvilla, who took over shortly after only to quit by the end of 2021.

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Tailoring a turnaround: Satyaki Ghosh takes the helm at a struggling Raymond

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Tailoring a turnaround: Satyaki Ghosh takes the helm at a struggling Raymond

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