Koovs news and archive

What’s going on with Koovs, ‘India’s Asos wannabe’?

New York – Doubts over Koovs’ future are building up after the Indian ‘Asos wannabe’ has failed to secure the funding they need to keep up with their ambitions. Lord Alli, formerly at Asos’ helm, listed Koovs PLC on London’s junior stock market, AIM. His vision was to replicate the success he helped build during his 12 years tenure as chairman...

Business

Koovs posts improved trading update, announces additional funding

Koovs, the online retailer catering to the Indian market, reported improvement on its trading on Tuesday and announced it would be receiving extra funding. The company’s gross order value (GOV) stood at 12.8 million for the year ending March, compared to 14.8 million pounds for the previous year. GOV in the second half of the year, however,...