Zara parent replaces India head with deputy MD

Inditex, the parent of fast fashion chain Zara, has replaced the managing director of its Indian unit Sanjay Rao with Deputy Managing Director Ashish Dash, said sources.

Rao was asked to leave Inditex India recently and Dash would function as interim managing director, they said. Rao was at the helm of Inditex India for almost seven years. “Most likely, they will bring a senior executive from one of their overseas market as managing director of the Indian unit,” said the source.

Inditex was reportedly not happy with the recent real estate deals of the Indian unit. However, this claim could not be