{alt missing}

William Bissell

Managing Director, Fabindia

William Bissell's Live Mosaic

Share This Profile

Vital Statistics

Nationality

India

Location
India

Related People

Sebastian Suhl

Chief Executive, Marc Jacobs International

Mimi Tang

Former Asia-Pacific President, Kering

Pietro Beccari

Chief Executive, Fendi

Links

website
fabindia.com
twitter
twitter.com/fabindianews

2573 Followers

facebook
facebook.com/fabindia

141865 Likes

Biography

When Bissell took over Fabindia, following in his father’s footsteps, he immediately refocused the group away from exports to India’s domestic market. Over the next three decades, Bissell grew Fabindia, an unlisted Indian ethnic wear chain, from just two retail locations in Delhi to over 117 stores.

As well as dramatically expanding the company’s retail locations, Bissell added a non-textile range in 2000 and organic foods in 2004, personal care products in 2006 and handcrafted jewellery in 2008.

Following his graduation from Wesleyan University in the United States, in 1988, Bissell spent several years in Jodhpur, India, working with local artisans and assisting in the formation of various weavers cooperatives. When Bissell took over Fabindia, he introduced an artisan shareholder system through "supply-region companies,” incorporated as subsidiaries, to address the imbalance between artisan pay and retail profits. The craftspeople collectively own 26 percent of the equity in each company, based in nationwide centres, with Artisans Micro Finance, a Fabindia arm holding 49 percent, and employees and other private investors holding the balance.

In 2007, Bissell sold 6 percent of Fabinda, for an estimated $11 million, to Wolfensohn Capital Partners. In 2009, the company acquired a 25 percent stake in UK based £30 million ethnic womenswear retailer East.

In 2012, L Capital, the private equity arm of LVMH, bought an 8 percent stake in Fabindia from Wolfensohn Capital Partners.

Career

Fabindia

Fabindia

Managing Director

1999 - Present
New Delhi, India