Brands
Iconic American Brand Cole Haan Steps into Noida
MUMBAI: Iconic American footwear and accessories brand Cole Haan is now in India. Launched by Arvind Sports Lifestyle Limited, a subsidiary of Arvind Limited, India’s Lifestyle Brands and Apparel Major, Cole Haan’s first store in the country has opened its doors in DLF Mall of India in Noida.
Known for its exceptional craftsmanship and timeless style, the brand focuses on elegant innovation to differentiate itself. Cole Haan stands for its commitment to craftsmanship, timeless style and design innovation.
The men’s Spring Summer 2016 comprises products like the lightweight Zerogrand and the Pinch Campus Penny Loafers which have a stamp of Cole Haan’s elegant innovation coupled with timeless style. The women’s wear collection is versatile with products like comfortable stilettoes, Wedges, bellies, penny loafers and thong sandals which are chic and stylish yet highly functional.
The Cole Haan store is now open at DLF Mall of India, Noida.
Prices – Rs. 4999 onwards
Brands
Senior leaders exit Deloitte India amid shift in M&A strategy
Rival firms gain ground as Deloitte refocuses on high-value mergers and acquisitions
NEW DELHI: Deloitte has seen a series of senior departures in recent weeks, marking a period of transition as the firm recalibrates its mergers and acquisitions business, according to an Economic Times report. These exits follow a strategic shift in the firm’s advisory approach, which has increasingly focused on larger, high-value transactions.
The executives who have resigned include Rajesh Aggarwal, head of debt advisory, Ruchi Sarna, national head of consumer investment banking, and Suresh Atal, a senior partner in transaction advisory, according to the report. Industry sources indicate that Rajesh Aggarwal and Suresh Atal are likely to join PwC, while Sarna is also expected to move to a competing firm.
This movement follows a significant change in Deloitte’s leadership and focus over the past two years. After Rohit Berry joined from KPMG as president of the vertical, the firm began prioritising deals valued at over $250 million. Berry was accompanied by senior executives Vivek Gupta and Manish Aggarwal, leading to a larger migration of over 200 professionals from KPMG to Deloitte.
The competitive landscape remains fluid. PwC recently appointed Anmol Bhandari, a former Deloitte executive, as head of its transaction services vertical, reinforcing its dealmaking ambitions.
In the professional services sector, senior departures often trigger further team movements, suggesting that more staff may follow these leaders to their new firms.
Despite these exits, Deloitte is actively looking to rebuild its ranks. According to the report, the firm is currently looking to hire between six and nine partners to address gaps in its debt advisory team as it aggressively seeks fresh talent to maintain its market position.
As the major accounting firms continue to compete for leadership, the hierarchy of the Indian advisory market is shifting. While Deloitte has successfully recruited heavily from its rivals in the past, it now faces the challenge of retaining its own senior experts as they are courted by competitors like PwC.
