Nov 07, 2007

H&B Stores Ltd. Appoints Graeme Fraser as Head-Sourcing, Buying and Merchandising

Press release

New Delhi
Wednesday, November 07, 2007
Brings On Board A Formidable Work Experience across Pan Asia
New Delhi, November 7, 2007: H&B Stores Ltd., a wholly-owned subsidiary of Dabur India Limited, today announced the appointment of Mr. Graeme A. Fraser as the head of Sourcing, buying & Merchandising for the specialty retail venture. Mr. Fraser will be responsible for all aspects of H&B Stores Ltd's supply chain activities, including the development of the vendor base, overall administration of procurement processes and Marketing. Mr. Fraser is originally from New Zealand and lived in Asia for some 8 years.
"It is to our great advantage that we welcome Mr. Graeme Fraser and his extensive experience to lead our global sourcing, buying, merchandising & marketing operations at H&B Stores Ltd. Graeme brings a wealth of experience to H&B Stores and is a valuable addition to its core management team. I look forward to working with him and I am confident that we would be able to exploit new market opportunities and capitalise on the strong growth momentum already evident in the business," said H&B Stores Ltd. CEO Mr. Peter Baker.
Prior to joining H&B Stores, Mr. Fraser was a Vice President of Li & Fung Trading Limited, Hong Kong. Li & Fung group is one of the largest sourcing company in the world with turnover exceeding 8 billion US$. In addition to the wide range and variety of consumer products available through its sourcing network, Li & Fung also leverages its strengths in custom product design and development to provide complete global sourcing solutions for its customers. Mr. Graeme Fraser was with the Li & Fung group close to 8 year in various senior management roles across Sourcing, Retailing, Health & Beauty Supply Chain Management operating in mainland China, Hong Kong, Thailand, Philippines, Indonesia, Taiwan, Malaysia, Korea and Japan.
Mr. Graeme A. Fraser said: "I am delighted to be part of H&B Stores Ltd. Health and Beauty is a unique concept and we will have the first mover advantage in this market. My aim is to provide the consumers in India with a great retail experience, and H&B Stores Ltd, with its unique positioning, is well placed to carve a substantial niche for itself."
He has also been associated with Unilever Australia Limited and has in-depth knowledge in the field of retail management. Prior to moving to Asia he held a senior executive role with National Foods one of Australia's largest Beverage and Food companies. Mr. Fraser has various post graduate studies in Marketing and Retailing from University of New South Wales and Monash University.
H&B Stores Ltd aims to establish its presence in the retail market in India with a chain of stores on the Health & Beauty format. The first store in expected to open by mid-January 2008, offering international quality store environment and product range.
For Details :
Corporate Communications Dabur India Limited PH:- 95120-3982000, 3001000 extn 2101/2547 Fax: 95120-4374935


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