North News Chandigarh, September 15 Beauty and fashion retailer Nykaa has filed a lawsuit against its former Chief Business Officer (CBO), Gopal Asthana, accusing him of breaching confidentiality and misappropriating proprietary data after moving to head the fashion business at Tata Cliq. The company alleges that Asthana actively recruited former Nykaa employees who had previously reported to him, with several staff members having transitioned to Tata Cliq in the past year. Nykaa contends that these actions were detrimental to its business interests, The Economic Times reported.
Nykaa also claims to have compensated Asthana significantly during his tenure, including long-term incentives and employee stock options. As part of the legal action, the company is seeking a refund of approximately ₹19 crore in stock benefits along with an additional ₹5 crore for loss of goodwill. Nykaa has cited these as key factors in their claims of business harm caused by his actions.
