Koovs news and archive

Founder Waheed Alli buys Koovs out of administration

Waheed Alli, founder of Indian online fashion company, Koovs Plc, has acquired the business and assets of Koovs from the administrators. The company was placed into administration after its largest shareholder, Future Lifestyle Fashions Limited (FLFL) failed to fulfil a contractual commitment to invest a further 6.8 million pounds into the...

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Koovs witnesses strong growth in the second quarter

Indian online fashion portal Koovs plc, for its second quarter reported gross order value (GOV) increase of 100 percent to 5 million pounds (6.4 million dollars, while the company said, trading margin increased to 12 percent compared to 7 percent in the same quarter last year. The company’s website traffic rose by 69 percent to 27.3 million...

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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,...