MAM
Speedo unveils Brittany Elmslie as brand ambassador
MUMBAI: Speedo has unveiled Australian swimming star, Brittany Elmslie, as its latest brand ambassador, in a deal which will see the Olympic gold medallist compete in Speedo swimwear through until 2014.
The agreement closely follows a series of spectacular performances during 2012, as the 18-year-old announced her arrival on the world stage in London by securing a Gold medal in the 4x100m Freestyle, together with a further two Silver medals in the 4x200m Freestyle and the 4x100m Medley.
As part of Speedo‘s long-standing partnership with the Australian Olympic Committee, Brittany wore Speedo swimwear throughout the London Games as she swam to her medal triumphs, and has now become the latest member of the Australian SwimmingTeam to secure an individual agreement with the world‘s leading swimwear brand.
Coinciding with the announcement of the new deal, Brittany was joined by Olympic teammates and fellow Speedo ambassadors including James Magnussen, Eamon Sullivan, Libby Trickett and Bronte Barratt at the Bondi Icebergs swimming pool on Bondi Beach, as they modelled Speedo‘s exciting new collection of swimwear for Spring/Summer 2013, marking the beginning of her new ambassadorial role.
Speedo International Vice President of Product and Marketing Sean Hastings said, “The 2012 Olympics saw the emergence of many of swimming‘s brightest new talents, and Brittany was without doubt one of the young stars of the games thanks to her inspiring medal-winning performances. We are absolutely delighted to announce this new partnership, and we look forward to working closely with Brittany over the coming years as she looks to achieve even greater success.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
