Koovs news and archive

After securing funding in H1, Koovs buoyant about H2

For its first half to September 30, 2018, Indian online fashion retailer Koovs Plc said that revenues were down by 40 percent at 195.9 million Indian rupees (2.7 million dollars), due to reduced gross order value and an increase in sales tax. However the company’s pre-tax loss reduced by 10 percent to 580.9 million India rupees (8 million...

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Koovs manages to reduce pre-tax losses but sales decline

Indian online fashion retailer Koovs has reported 25 percent drop in its annual sales, while pre-tax losses for the 12 months to March 31, 2018 of 15.3 million pounds (19.6 million dollars), a reduction of 22 percent compared to last year. Gross sales declined by 22 percent to 14.8 million pounds (18.9 million dollars), reports Drapers. The...

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Koovs names Nina Amin as Non-Executive Director

Koovs - online retailer catering to the Indian market has announced the departure of its chief creative officer Robert Bready, reports Fashion Network. The company has also roped in Nina Amin of KPMG as a Non-Executive Director. Quoting a statement from the company, the report added that the director and CCO Bready has stepped down and is...

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Indian fashion retailer Koovs’ stock tumbles on London bourse after poor trading outlook

Shares at Koovs PLC (LON:KOOV) tumbled Tuesday after the Indian online fashion retailer said it expects full-year sales to be hit by lower marketing spend as it addresses ongoing funding requirements. On the back of the update, the company’s shares dropped 40.28 percent to 16.12 pence in morning trading. The company said marketing expenditure is...

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Koovs signs deal with N Brown’s Simply Be to enter UK market

London - Online Indian fashion retailer Koovs has signed a deal with N Brown Group to offer its range through its plus-size Simple Be label, marking its first foray into the UK market. The deal sees Koovs creating a collection for Simply Be from December onwards under its Koovs Private Label young fashion line in larger sizes. The deal is set to...

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Koovs appoints former Primark exec as head of design

Online Indian fashion retailer Koovs has named former Primark design manager Samantha Chilton as its new head of design. Chilton has more than 25 years of experience in the fast-fashion sector, having worked for Arcadia, New Look, River Island, Topman, Warehouse and George at Asda, across womenswear and menswear on both the retail and supply...

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Koovs H1 sales witness a 114 percent jump

Koovs generated sales of 7.9 million pounds during the six months to September 30, 2016, representing an increase of 114 percent over the first half of the previous financial year. Net sales, the company said, after returns and tax amounted to orders generated in the period increased by 135 percent to 559,000 due an increase in web traffic and...

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HT Media reported to sell stake in UK-based Koovs

Indian HT Media Limited is planning a partial or full stake sale of its investment in UK-based Koovs Plc, the parent company of Indian lifestyle online commerce venture Koovs.com, to book profits. As reported by local media over the weekend, Sandeep Jain, chief strategy officer of HT Media talked about the company’s plans for a stake sale in...

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Rob Pursell replaces Roy Naismith as Koovs’ CFO

Koovs has announced the departure of Roy Naismith from the Board of Koovs as well as from his position as the Group chief financial officer. Koovs’ board has handed over Naismith’s responsibilities to Rob Pursell, with immediate effect. To ensure a smooth transition, Roy will remain with the business until August 31, 2016. Robert John Pursell...