Gross to Step Down as Divatex CEO; Himatsingka to Take Over

Avi GrossAvi Gross

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.

Avi and Ayelet Gross, his wife, founded Divatex in 1990. For its most recent fiscal year, ending on March 31, the company posted record sales, the statement said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.