Brands
Converse and Isabel Marant honor Chuck Taylor and sneaker wedge
Mumbai: Converse and Isabel Marant have partnered for the first time to launch a capsule collection combining new and classic Converse styles with Isabel Marant’s Parisian aesthetic.
Marant, known for blending high and low fashion with spontaneity, independence, and natural elegance, aligns with Converse’s values. The collection will feature the new Chuck 70 Wedge and an updated Chuck 70, reflecting a mix of nostalgia and “Effortless Luxury.”
The Chuck 70 Wedge, with its hidden 2.5-inch heel, builds on Marant’s pioneering work with sneaker wedges from the 2010s. The collection also includes the Chuck 70 High Top and Chuck 70 Ox Low Top, showcasing Marant’s design elements with key Chuck details. Features include a frayed Jacquard upper, Marant’s logo on raw edge canvas, multi-colored pinstripes, and a translucent outsole. Colorways include Vanilla White and Raven for the Chuck 70 Wedge, Raven for the Chuck 70, and Vanilla White for the Chuck 70 Ox.
The Converse x Isabel Marant collection will be available on Converse.in from 12 September 2024 and on partner platforms VegNonVeg and Limited Edt from 13 September 2024. Pricing is Rs 11,499 for the Chuck 70 Ox, Rs 12,299 for the Chuck 70, and Rs 15,499 for the Chuck 70 Wedge.
The collaboration also introduces a new Chuck Taylor All Star Wedge, featuring a 2.5-inch hidden heel, available in black and white from 12th October 2024 on Converse.in and partner platforms. An inline Chuck 70 Wedge will also be released in the coming months.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
