Monday, 9 December, 2024

Nykaa Fashion CEO Nihir Parikh Resigns Amid Modest Segment Growth

Nihir Parikh, CEO of Nykaa Fashion, has resigned following modest growth in the company’s fashion segment. The departure comes as Nykaa focuses on recalibrating its strategy to drive higher performance in a competitive market. While the beauty and personal care segments continue to perform well, the fashion division faces challenges. The company is expected to appoint a new leader to steer the segment towards sustained growth and profitability.