Young Turks

Mumbai it was on Young Turks this week and it was time to catch up with Shailesh Chaturvedi, CEO Tommy Hilfiger.

The young chap from Narsee Monjee, Mumbai who has around 15 yrs of experience in Garment Business was as impressive as expected from a Tommy Head. The discussion went from his experience ever since he joined Madura Garments in 1992 to working for as big a brand as Tommy. When asked about his biggest market in India he was quick - "Punjab"; the land of Mercedes. He also discussed how the economy would still continue to grow at the same or faster pace but the cost/expense that Indian Organizations are facing needs to be stabalized especially the increasing rentals.

He also shared the challenge of selling a "Global Brand" in India where the average cost for a pair of jeans range around 4500 INR. With spending of a one footfall ranging between 5K to 2 L, Shailesh was quick to mention that all his stores in India have been profitable and have been able to break even in 3 yrs. Considering a 2.5 Crs investment for setting each store, the break even time looks impressive.

With 15 yrs of rich experience and a brand as big as "Tommy" to handle Shailesh surely is a "Young Turk"