Nykaa Fashion CEO Nihir Parikh Resigns: Nykaa Fashion, the fashion arm of India’s leading beauty and lifestyle retailer, announced a major leadership change as Chief Executive Officer Nihir Parikh has resigned from his position, citing personal commitments.
Key Highlights:
- Parikh’s resignation is effective from December 5, 2024
- He served as CEO of Nykaa Fashion since April 2022
- His journey with Nykaa began in 2015 as Chief Strategy Officer
In a regulatory filing with the Bombay Stock Exchange (BSE), FSN E-Commerce Ventures Ltd, the parent company of Nykaa, disclosed that Parikh has stepped down from his role as CEO of Nykaa Fashion. The announcement comes as part of the company’s compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
The departure marks a significant change in Nykaa’s top management structure, coming at a time when the company continues to strengthen its position in India’s competitive e-commerce landscape.
Impact and Future: While the company has not yet announced Parikh’s successor, this development could signal potential strategic shifts in Nykaa Fashion’s leadership approach. The fashion vertical has been a crucial growth driver for Nykaa, complementing its core beauty and personal care business.
