MAM
Havas appoints Mediacom’s Karl Wu as Greater China CEO
MUMBAI: Havas Media Group has appointed media and marketing specialist, Karl Wu, as the CEO for Greater China. Based in Beijing, Wu will be responsible for Havas’s brands — Havas Media and Arena Media, as well as Havas Group pure player agencies Socialyse, Affiperf, Ecselis and Mobext. The media group currently has five offices in China, Hong Kong and Taiwan.
Wu joins the agency with an impressive track record in integrated marketing and advertising space, having held senior roles both on the agency and the client side. He was most recently the COO of Mediacom China and concurrently the Asia Pacific Managing Director of one of the agency’s largest clients – Volkswagen.
Prior to joining Mediacom, Wu led Digital Marketing for Nokia as Marketing Director for Asia Pacific as well as China. He has also held senior positions at Dentsu Aegis Media and Publicis Vivaki, and his experience on the brand side extends to blue chip companies such as Intel and NBA in China, and Bell Canada in Toronto Canada.
Wu will report to the Global Executive Committee represented by Christophe Cases, who will relinquish his role as CEO of Greater China but continue to be based in China in his global role as Deputy Global Managing Director of Havas Media Group.
Cases said, “We are delighted to have Karl as CEO for Greater China. He is a very important hire for us and integral to our ambition for this market as we strengthen our client-centred collaborative model. Karl brings with him an international mindset and deep knowledge of not only China market but Asia Pacific as a whole. His experience in leadership roles both on the agency and the client side will be a definite asset as we move our business to next level of growth.”
Wu said, “I have been on both sides of the table, and I can see the changes needed for our industry to deliver better customer value. Havas Group not only has the vision and strategy but has also started executing to that vision. The Havas Village integration is an example of the many initiatives that will ultimately re-shape our industry. I am excited about what the future holds and looking forward to my new role.”
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.
