September 30, 2020

H&M India’s head Janne Einola quits the corporate 5 years after launching the model in India



New Delhi: Janne Einola, the India head of Hennes & Mauritz (H&M), is leaving the corporate 5 years after he launched the world’s second largest vogue model in India.

Einola’s departure comes at a difficult time when retailers together with H&M in India are battling low gross sales because of an unprecedented pandemic that has severely damage vogue manufacturers.

Einola, nation supervisor for India, is at present serving his discover interval and he’s scheduled to depart H&M by the tip of October. He’s leaving H&M for private causes and can be a part of his spouse and children in Helsinki and take a break earlier than deciding on his subsequent transfer.

An H&M veteran of 22 years, Einola moved to India in July 2015, months earlier than H&M rolled out its first outlet within the nation in New Delhi’s Choose Citywalk mall.

“For the previous 5 years, he has pushed India’s quick growth and domestically related buyer expertise however has now determined to maneuver on for private causes,” an H&M spokesperson mentioned in an e mail response. “He might be taking a break earlier than deciding on the subsequent course of his skilled life and his final day might be finish of October publish which he might be shifting again to Helsinki to hitch his spouse and children.”

He’s credited with aggressively increasing H&M in India and the Swedish retailer has up to now opened about 50 retailers and he’s thought-about to be instrumental in signing up an unique on-line cope with Myntra.com that has proved to be an enormous constructive for H&M in India, one other particular person mentioned.

For instance, H&M clocked Rs 22 crores of gross sales and was forward of all of the worldwide manufacturers within the first 48 hours of Myntra’s mega discounting occasion in June, proper after India allowed e-commerce corporations to promote non-essential objects together with vogue and way of life merchandise.