363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
Published
Dec 20, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Levi’s to merge South Asia, Middle East, North African markets

Published
Dec 20, 2017

Global denim giant Levi’s is looking to merge its South Asia, Middle East and North African markets into a common entity to drive growth and profitability in these regions. The consolidated business will be overseen by Sanjeev Mohanty, Managing Director, South Asia Operations who has delivered strong results in the Asia market.
 


In India alone, Levi’s witnessed a 12 percent surge in sales revenue at Rs 842 crore (approx $130.3 million) during the fiscal year to March 2017, reporting a net profit of Rs 58 crore (approx $9 million).  Levi Strauss's overall international sales reached $1.268 billion in the last quarter (Q3), with Asia contributing a significant $182 million to the total revenue.
 
Mohanty will be expected to replicate the success of Asia in the Middle East and North African markets which have been delivering poor results despite their similarity to Asian markets. Levi’s has stated that it will spend heavily on advertising and media in the fourth quarter which is expected to give a boost to sales in these markets.

“The approval to merge these markets was taken earlier this month and Mohanty has been given the charge to lead these markets. Many industry rivals have also been exploring moves to merge similar markets focusing on consolidation,” the Times of India reported, citing sources.
 
Confirming the development, a Levi’s spokesperson said: “Sanjeev has successfully led the South Asia region for over a year now, and we look forward to him bringing similar success, by driving growth and profitability, in his additional mandate as well.”
 
In 2016, the Levi’s group generated a revenue of $4.6 billion globally, and has revised its guidance for the fiscal year 2017 as a whole, currently forecasting a growth between 5% and 6%.

Copyright © 2024 FashionNetwork.com All rights reserved.