Fashion retail reshuffles leadership as Ajio, Sabyasachi name new CEOs amid import-ban inventory strain

Reliance appoints Sandeep Karwa to lead Ajio while Sabyasachi taps ex-Shein exec Manish Chopra as CEO. Nykaa Fashion pushes customer acquisition alongside FY26 profit growth, and Trent plots denser stores even as Zudio and Lifestyle wrestle with a Bangladesh import ban squeezing inventory.

— Filed Thu, 2 Jul, 2026, 12:16 IST · Source ET Retail · Updated

Nykaa Fashion drives customer acquisition with profit growth in FY26. Reliance names Sandeep Karwa as Ajio CEO. Trent plans dense stores; Zudio and Lifestyle face inventory crunch from Bangladesh import ban. Sabyasachi appoints ex-Shein exec Manish Chopra as CEO.