House of Rare CBO Lavish Soni exits after a decade to launch own brand venture
Lavish Soni has left The House of Rare after 10 years as chief business officer. During his tenure, the fashion retailer expanded from 10 points of sale in 2016 to more than 1,000 touchpoints nationwide; details of his new venture are yet to be announced.
What happened
The House of Rare CBO Lavish Soni has exited after a decade, during which the fashion retailer grew to nearly Rs 950 crore revenue and over 1,000 India
Key facts
- 10 years
- Rs 950 crore annual revenue
- Rs 2 crore revenue in 2016
- 10 points of sale in 2016
- more than 1,000 touchpoints across India
- 225 company-owned stores
- 3 brands
- more than 2,000 employees
- 13 departments
- 20 years building fashion brands in India
Why this matters
A seasoned fashion retail operator with national expansion experience is becoming available to the market, potentially creating partnership, investment or talent-acquisition opportunities.