STEFANO CANALI has a relaxed demeanor. The President and CEO of Canali Spa, a scion of the dynasty that is synonymous with menswear, love India for its culture and immense business potential. In a joint venture (JV) with Reliance Brands, Canali wants more of the India piece and says it is here for the long haul. A man with conviction that physical stores for his brand will always be around, he thinks e-commerce will complement it. In a freewheeling chat, he opens up on a host of issues, from how the pandemic has been hugely disruptive to how much India matters to the company. Edited excerpts:
What is it about India that has struck you as being remarkable?
I had a chance to discover India on my first visit in 2008-09. I was very impressed with what I saw around culture and heritage. Casual conversations with people reveal a long history. To some extent, there are quite a few similarities between the people in India and those in Italy—starting with the passion for culture, well-crafted items or anything that is precious. The evolution of a civilisation through art and other forms is quite fascinating.
There is a connection here since Canali is known for making high-quality, well-crafted garments for men. It is very important for customers to fall in love with Canali’s products. That means the customer has to understand what products he is trying, and appreciates the details that the garment comes with.
This story is from the October 31, 2021 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 31, 2021 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach