MAM
Alok Varman rejoins Pepperfry as head of supply chain
Mumbai: Pepperfry, an e-commerce furniture and home decor company, has announced the return of Alok Varman as head of supply chain. Alok will be instrumental in further strengthening Pepperfry’s position as India’s leading furniture and home decor company. In his new role, he will focus on optimising the supply chain to ensure a seamless customer experience across all channels. His deep understanding of Pepperfry’s business, supply chain and a proven track record will be crucial in driving Pepperfry’s continued growth by ensuring a seamless customer experience across all channels.
Alok brings over 23 years of experience in strategic business management, supply chain, omnichannel business and customer experience spanning across sectors ranging from retail, e-commerce to B2B & B2C wholesale marketplace. As a founding team member of Pepperfry, Alok played a critical role in building its strong logistics and warehousing infrastructure. His decade-long association with the brand saw him lead the expansion of the company’s experience stores, making it an integral part of the omnichannel strategy.
Before rejoining Pepperfry, Alok was the COO at Isho.com, a D2C eCommerce furniture startup in Bangladesh, where he enhanced customer experiences and led the brand’s entry into the Indian market. He has also held notable positions such as VP at Wydr.in, senior manager at Carnation Auto India, and manager of consumer operations at Guthy-Renker LLC.
Speaking on the new appointment, Pepperfry co-founder & CEO Ashish Shah said, “We are excited to welcome Alok back to Pepperfry. His deep understanding of the business operations and passion for the category will be invaluable as we continue to optimise our operations towards delivering a superlative experience to our customers through our proprietary big box supply chain that reaches 300 cities across the country.”
Expressing his enthusiasm about his new role, Varman added, “I am thrilled to rejoin Pepperfry at this exciting time and to work under the leadership of Ashish Shah. I look forward to working with the team to further optimise our supply chain, deliver an exceptional customer experience, and continue to drive the growth of Pepperfry with excellence and innovation.”
Since Alok’s expertise spans across diverse industries, he is known for his ability to identify opportunities, build people-driven and technology-enabled processes, and cultivate value-based businesses. Pepperfry is confident that the newly-appointed head of supply chain’s leadership will drive the company to new heights, reinforcing its commitment to providing exceptional furniture and home goods to customers across India.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
