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Leena Nair, 52, said that she is humbled and honoured to be appointed the global Chief Executive Officer of Chanel, which is an iconic and admired company.
The HUL's decision to drop the word 'fair' in its brand name, announced on July 2, came against the backdrop of a global backlash against racial stereotyping.
While netizens welcomed the move by the company to rebrand the cream, celebrities too took to social media to laud the move.
Unilever will drop the word 'fair' from its 'Fair & Lovely' brand of skin lightening products which are popular in South Asia but have long been criticised for promoting negative stereotypes against people with darker skin.
According to reports, Mayank Shah, category head at Parle Products, has said that if there is no tax relief in the form of a GST rate cut, the company may have to lay off 8,000 to 10,000 people.
Bengaluru: India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy. More than 60% of 125 firms that have reported so far, and are tracked by analysts, missed profit