Ashcorp Press
Ashcorp Group Appoints Ayo Ajose-Adeogun and Kaodi Ugoji to the Board of Its Retail Subsidiary, Ashluxury
Nov 5, 2025
Lagos, Nigeria, November 5, 2025 – Ashluxury Fashion and Beauty Limited, the retail subsidiary of Ashcorp Group, has announced the appointment of Ayo Ajose-Adeogun as Chairman, alongside Vikram Natarajan and Kaodi Ugoji as Non-Executive Directors on its Board.
The appointments reflect Ashluxury’s commitment to strengthening its leadership and governance structure as it continues to scale its retail operations and expand its presence across the fashion and beauty industries.
Ayo Ajose-Adeogun brings over 34 years of executive leadership experience spanning energy, retail, and FMCG sectors. His career has been defined by guiding multinational organisations through transformation and driving strategic growth across three continents. Having served as a Board Advisor to Ashluxury for two years, Ayo combines deep institutional knowledge with a clear understanding of the company’s long-term vision.
Kaodi Ugoji brings over 24 years of experience in senior executive and board roles across financial services, manufacturing (FMCG), and investment management. She has led teams in strategy, corporate affairs, treasury management, and governance, including serving as Acting Group Managing Director and CEO of FMDQ Group. Kaodi is recognised for her strategic insight, operational depth, and consistent track record of driving institutional excellence.
Vikram Natarajan is a seasoned CEO with more than 25 years of experience in the global consumer industry, covering health and wellness, lifestyle, hospitality, and consulting. He has built and scaled entrepreneurial brands across South-East Asia, Mainland China, and the Middle East, and has worked with private equity firms and founders to accelerate growth and innovation. Most recently, Vikram served as CEO at Kayanee, a Public Investment Fund–backed startup in Saudi Arabia focused on women’s wellness, and previously held senior leadership roles at PURE Group, Spa Esprit, and Thai Express.
Speaking on the appointments, Yinka Ash, Founder and CEO of Ashcorp Group, said:
“We are proud to welcome Ayo, Vikram, and Kaodi to the Ashluxury Board. Their collective expertise and leadership will play a vital role in shaping the future of our retail business and advancing our goal of transforming the luxury retail space.”
These appointments highlight a significant step in Ashluxury’s growth journey, reinforcing its leadership foundation and positioning the company for sustained success in Nigeria.
ABOUT ASHLUXURY
Founded in 2017, Ashluxury Fashion and Beauty Limited is a leading Nigerian retail company redefining the African luxury experience through fashion, beauty, and lifestyle. The brand upholds the integrity of luxury retail, offering a curated selection of over 100 local and international designer brands. As part of the Ashcorp Group, Ashluxury is committed to excellence, innovation, and cultural relevance, shaping the future of luxury retail across Africa.
