Reliance Retail loses 5 execs to Subhiksha

MUMBAI: The war for talent in retail is affecting even players like Mukesh Ambani-led Reliance Retail. Close on the departure of Rajeev Karwal, several middle to senior level managers from Reliance Retail have moved to join food and grocery retail format Subhiksha.

Subhiksha MD R Subramanian told ET that about five professionals have moved to Subhiksha from Reliance Retail in the last one-and-a-half month. “They have joined at assistant vice-president and vice-president levels at Subhiksha,” informed Mr Subramanian.

He adds that these people were handling operations at Reliance Retail and have moved to similar duties at Subhiksha across various regions where the retail format is currently on an expansion spree. Some of the movements have been from Hyderabad, where Reliance Retail made a debut into food and grocery retailing with its Reliance Fresh format stores.

“Retailing in India is at a stage where people movement is happening at a furious pace as every player requires personnel for their operations,” says Mr Subramanian.