Koovs placed into administration
10th Dec 2019 08:49
(Sharecast News) - Indian online fashion retailer Koovs has been placed into administration after failing to secure investment from its largest shareholder, Future Lifestyle Fashions.
Read moreKoovs gross order value doubles in second quarter
29th Oct 2019 07:39
(Sharecast News) - Indian fashion retailer Koovs posted a surge in second-quarter gross order value on Tuesday as website traffic increased.
Read moreKoovs to develop new range for Future Group's Brand Factory
3rd Sep 2019 09:27
(Sharecast News) - Indian online fashion retailer Koovs has secured a contract with Future Lifestyle Fashions Limited (FLFL) to develop a new and exclusive fashion range for its discount chain Brand Factory.
Read moreKoovs gross orders improve in H2, announces funding
7th May 2019 07:53
(Sharecast News) - Online retailer Koovs, which caters to the Indian market, said on Tuesday that it has agreed further funding from Future Lifestyle Fashions Limited (FLFL), as it said gross order value for the year to 31 March 2019 slipped.
Read moreCost-saving initiatives help Koovs to narrow losses
13th Dec 2018 09:58
(Sharecast News) - AIM-listed online fashion retailer Koovs said on Thursday that it had narrowed its interim losses thanks to cash preservation and cost-saving initiatives.
Read moreKoovs signs £24m media deal with Hindustan Times owner
22nd Aug 2018 14:42
(Sharecast News) - Koovs has completed its agreement for a £24m media deal with strategic partner HT Media, one of India's largest media companies and owner of the Hindustan Times, it announced on Wednesday.
Read moreKoovs win major Indian website award
15th Feb 2017 16:12
(ShareCast News) - India-focussed online fashion business Koovs announced on Wednesday that it was named 'Most Popular Fashion Portal Preferred by Youth' at the annual Global Youth Marketing Forum in Mumbai. The AIM-traded company said the Global Youth Marketing Forum and Awards, organised by CMO As
Read moreKoovs sales double despite demonetisation in India
25th Jan 2017 08:29
(ShareCast News) - Indian online fashion retailer Koovs sales doubled despite the impact of demonetisation in the country, however it expects that future sales growth would be affected but with no overall effect on profitability. For the nine months ended 31 December 2016, sales doubled year-on-year
Read moreKoovs sales double but losses surge amid India's 'black' money crackdown
22nd Dec 2016 09:34
(ShareCast News) - Koovs' enjoyed strong sales growth in the first half of the year but losses widened by almost two thirds as the Indian online fashion retailer was hit by the government's demonetisation programme as it bids to clamp down on 'black money'. For the six months ended 30 September, rev
Read moreKoovs completes £12.9m fundraise early
17th Nov 2016 14:43
(ShareCast News) - India-focused online fashion retailer Koovs confirmed the completion of £12.9m funding on Thursday, including a strategic investment of £3.9m from The Times of India Group, £7m from new and existing investors and the early closure of the broker option due to excess demand. The AIM
Read moreKoovs' sales surge as investment boosts web traffic
5th Sep 2016 11:20
(ShareCast News) - Indian online fashion retailer Koovs' sales more than doubled in the second quarter as brand awareness and weekly web traffic surged thanks to recent investment. In the four months to 31 July, sales grew 115% to £5m year-on-year as brand awareness increased to 18% from 1% which dr
Read moreKoovs moves higher as bullish sales update precedes placing
5th Apr 2016 14:17
(ShareCast News) - Cash-strapped online fashion retailer Koovs, dubbed the Indian Asos, has issued a bullish trading statement as it looks to drum up support for its latest fundraising. AIM-listed Koovs, which is chaired by former Asos director Lord Waheed Alli, said it had tripled user numbers to m
Read moreKoovs names new CEO, says quarterly trading is encouraging
21st Jul 2015 09:37
(ShareCast News) - Mary Turner has been appointed as Koovs' new chief executive, the India-focused retailer confirmed in a statement on Tuesday. Turner, the former CEO of AlertMe.com, has been a non-executive director of the group since July 2014, will step into her new role on 1 October, the London
Read moreKoovs chairman buys shares following warning trading update
2nd Apr 2015 16:24
The chairman of Koovs bought new shares in the Indian e-commerce fashion showing confidence in the group after warning higher costs and funding needs in a trading update. Waheed Alli bought 152,500 shares for an individual price of 65p, spending a total of £0.99m. After the transaction, the former
Read moreKoovs crashes after Asos-alike warns of higher costs and funding needs
2nd Apr 2015 09:55
Shares in India-focused online fashion retailer Koovs, where former Asos director Lord Waheed Alli is chairman, took a big tumble on Thursday after the company warned it planned to raise new funds as marketing costs soared. Koovs's management, which includes former Asos creative director Robert Brea
Read more