Business Head - Luxury Bags

Salary: ₹18,00,000 - ₹22,00,000 per annum
Experience: 15+ years in the luxury or high-end fashion sector

We are seeking an experienced Business Head to lead and drive the strategic direction for our luxury bags division. The ideal candidate will possess a deep understanding of the luxury market and have a proven track record of successfully managing high-end brands. This role requires an innovative leader who can develop strategies, manage resources effectively, and collaborate with cross-functional teams to enhance the brand’s image and profitability.

1. Strategic Planning & Execution:

   • Develop and implement comprehensive business strategies to position the luxury bags brand as a market leader.
   • Conduct market research to identify trends, opportunities, and consumer preferences, and integrate insights into the business plan.
   • Define long-term goals and create actionable plans to achieve growth targets.

2. Brand Management & Marketing:

   • Formulate and execute marketing plans, communication policies, and promotional strategies to enhance brand visibility and reputation.
   • Oversee brand positioning across various channels, ensuring alignment with luxury market standards.
   • Collaborate with creative agencies, PR, and digital marketing teams to drive effective campaigns.

3. Product Development & Innovation:

   • Lead the product development process, working closely with design and production teams to create collections that reflect the brand’s luxury image.
   • Monitor product performance, gather customer feedback, and introduce innovations to stay ahead of industry trends.
   • Ensure the quality, craftsmanship, and uniqueness of products meet the expectations of the luxury consumer segment.

4. Sales & Distribution:

   • Develop and oversee the sales strategy, ensuring strong national and international presence across retail and online channels.
   • Identify and establish partnerships with high-end retailers and distributors to expand the brand’s reach.
   • Monitor sales performance, implement measures to meet revenue targets, and optimize the distribution network.

5. Resource Management:

   • Manage budgets, financial plans, and resource allocation to maximize profitability and operational efficiency.
   • Oversee product line management, inventory, and supply chain processes to ensure timely delivery and product availability.
   • Implement financial controls and KPIs to monitor business health and make data-driven decisions.

6. Market Trend Analysis & Client Development:

   • Keep abreast of the latest industry trends, competitor activities, and consumer behavior to stay relevant in the luxury market.
   • Develop strategies for client acquisition, retention, and loyalty programs, focusing on high-net-worth individuals and luxury connoisseurs.
   • Represent the brand at luxury events, exhibitions, and trade shows to build relationships and promote the brand's image.

• Experience: Minimum of 15+ years of experience in business management, with a strong focus on luxury brands or high-end fashion products.
• Educational Qualification: Bachelor's degree in Business Administration, Marketing, or a related field (MBA preferred).
• Industry Knowledge: Deep understanding of the luxury market, including consumer behavior, product development, and brand positioning.
• Leadership Skills: Proven ability to lead and inspire teams, with strong decision-making and strategic thinking capabilities.
• Communication & Interpersonal Skills: Excellent verbal and written communication skills, with the ability to engage effectively with stakeholders, clients, and partners.
• Analytical Skills: Strong analytical mindset with the ability to interpret data, assess market trends, and make informed business decisions.
• International Exposure: Experience in managing international markets and expanding brand presence globally is highly desirable.

Benefits:

• Competitive salary package (₹18,00,000 - ₹22,00,000 per annum)
• Performance-based incentives
• Opportunity to lead a prestigious luxury brand
• Exposure to international markets and luxury industry events