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Nykaa has filed a lawsuit against its former Chief Business Officer, Gopal Asthana, who is now the CEO of Tata Cliq, for breach of contract. The beauty and fashion retailer is seeking the return of Rs 19 crore in ESOP benefits and an additional Rs 5 crore. Nykaa accuses Asthana of breaching confidentiality, misappropriating proprietary data, and attempting to harm its business. Additionally, the company alleges that Asthana poached Nykaa staff to join Tata Cliq.
🚨 ETtech Exclusive #Nykaa has sued its former chief business officer Gopal Asthana, who now heads Tata Digital’s fashion business Tata Cliq, accusing him of breaching confidentiality, misappropriation of proprietary data and seeking to harm its business. 🧵
Beauty and fashion product retailer #Nykaa sued its former chief business officer (CBO) #GopalAsthana, who now heads fashion business #TataCliq, accusing him of breaching confidentiality as well as misappropriation of proprietary data and seeking to harm its business…
#ETExclusive: #Nykaa #sues former #CBO, current #TataCliq #CEO Asthana for contract #breach https://t.co/YjMJCjVSLg
