The Modest Man
NYKAA FOUNDER FALGUNI NAYAR WINS ISIDORO ALVAREZ LIFETIME ACHIEVEMENT MEDAL
Nykaa’s founder, Falguni Nayar, was recently awarded the prestigious Isidoro Alvarez Lifetime Achievement Medal at the World Retail Congress in Barcelona, Spain. This award was presented to her for her outstanding contribution to the global retail industry and her business leadership and dedication to the Indian beauty industry. Nayar is honoured to receive this award, and in a press release, she stated that India is at the forefront of retail, and she believes that the country will redefine the retail sector globally.
THE AWARD
Marta Alvarez Guil and Cristina Alvarez Guil presented the Isidoro Alvarez Lifetime Achievement Medal in honour of their father who founded the retail giant El Corte Ingles. This prestigious award has been running since 2018 and has already been given to previous recipients such as Paul Kelly, CEO of Selfridges, and Suzanne Santos, co-founder of Aesop.
NYKAA’S FOUNDER
Nayar founded Nykaa, the beauty and fashion retail giant, in 2012. The platform started as an online marketplace for beauty products and has grown into a multi-million dollar company that offers consumers a wide range of products and services. Nykaa has expanded its operations by opening physical stores, which offer customers a unique in-store shopping experience.
THE RETAIL INDUSTRY IN INDIA
India is experiencing a significant growth in the retail industry, and it is believed that this is just the beginning. The country is poised to redefine the retail sector globally with its robust and innovative tech platforms, entrepreneurial spirit, and inclusive growth mindset. Furthermore, India’s younger population is coming of age and being integrated into the global ecosystem, which is leading to higher consumption spend in the country.
THE WORLD RETAIL CONGRESS
Since its inception in 2007, the World Retail Congress has been a platform for in-depth research, content, and events designed to boost retail growth. Global retail leaders attend the World Retail Congress to showcase their businesses, share their expertise, and learn from others in the industry. Winning an award at the World Retail Congress is a significant honour and a testament to the dedication and hard work that the recipient has put into their business.
CONCLUSION
Nayar’s award is a testament to her leadership and contribution to the Indian beauty industry and the global retail industry. She and Nykaa have paved the way for innovative retail solutions and have helped redefine the industry. Nykaa’s success story is an inspiration to entrepreneurs worldwide, and Nayar’s award is proof that hard work and dedication do pay off.
