MAM
Flipkart Launches Ann Springs, a women’s Western wear private label brand
MUMBAI: Flipkart Fashion, India's largest online fashion store, today announced the launch of its new in-house Western wear label, Ann Springs, focused on the new-age Indian woman with a bold individual style and an eye for the latest trends. Designed especially with the 22-25 age group in mind, Ann Springs currently features over 150 unique styles starting at Rs. 399, with plans to double the selection in the next few months.
Women’s western wear is one of the fastest growing segments in the online fashion space today. As Indian tastes change to reflect the country’s influential youth population, shoppers are increasingly turning to buying apparel online. As with all its existing private labels, Flipkart has identified an underserved segment of the market — young, professional women looking for premium Western apparel that can transition smoothly from casual to glam. Ann Springs is looking to give these customers what they have been aspiring for.
Launching the new label, Rishi Vasudev, Head of Fashion at Flipkart, said. “Women’s western wear is one of our fastest growing categories, where we have witnessed 100% Y-o-Y growth from Tier II cities and beyond. Women from smaller towns are clearly telling us that they want international styles tailored specifically to the Indian woman. This is where Ann Springs comes in. Our collection brings together the latest Western styles at affordable prices, and will help women from all over the country look the way they want to.”
“Inspired by fast fashion, Ann Springs couples trendiness with day-to-day functionality. We are confident the brand will help create stickiness for our large women shopper base and solidify Flipkart Fashion as the top destination for all of India’s fashion needs,” he added.
Ann Springs is the sixth private label offering from Flipkart Fashion, following in the footsteps of Divastri, a women's ethnic wear range; Metronaut, for the urban man; Anmi, a brand of fusion ethnic wear; Miss & Chief, kidswear; and the Cara Mia line for women’s footwear and accessories.
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.
