MAM
You Nguyen is United Colors of Benetton’s creative director
MUMBAI: The Benetton Group has consolidated its management and creative structure with the appointment of You Nguyen, United Colors of Benetton’s new chief merchandising officer and creative director.
Nguyen will adopt an integrated merchandising strategy to deal with all aspects of the brand: from the collections to brand identity and including in-store architecture and mood. In this way, he will contribute to the evolution of an icon of Italian taste, based on colour, design, quality and a unique eye for detail.
Nguyen said, “I joined Benetton Group in order to contribute to an incredible brand like United Colors of Benetton, which operates in more than 120 countries. The brand’s future depends chiefly on its staying loyal to its identity, on its solidity and time-honoured ties with such values as design, architecture and innovation. I think my “foreign” sensitivity will help to see and interpret that future through new eyes so we present it to the world’s new generations with well-founded pride in the past and a renewed vision of the future”.
Benetton Group executive deputy chairman Alessandro Benetton said, “I am very pleased to welcome Mr Nguyen,” commented. “I believe his international experience will help us to write a new chapter in our story of innovation so we may continue to be prime movers in the economic and social geography of the upcoming decades – not least through a consistent integration of on-trend fashions and dependable quality and prices. We want Benetton to be an increasingly important part of the world we live in, which is why we devote body and soul to our job. We will do even better, that which we already do well”.
Nguyen joined Benetton from Levi Strauss in San Francisco, where he worked from 2003, becoming global senior VP of merchandising and design, for Levi’s Women in 2009.
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.
