Gross to Step Down as Divatex CEO; Himatsingka to Take Over
July 23, 2012,
NEW YORK-Avi Gross, president and CEO of Divatex, will leave his position at the end of this month. Shrikant Himatsingka, the company's vice chairman, will become president and CEO at that time.
The moves are part of the transition agreed upon between Divatex and The Himatsingka Group in 2007, when the latter company acquired an 80 percent stake in Divatex. Gross will continue to serve on Divatex's board of directors, according to a Divatex statement.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money