×
166
Fashion Jobs
RJCUBE STAFFING SOLUTIONS PVT LTD
Merchandising Manager For Garments Buying House, Noida
Permanent · Noida
ADD UR CO LLP
Production Manager
Permanent · Chennai
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
Published
Jul 4, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Koovs agrees investment deal with Indian retail group

Published
Jul 4, 2018

AIM-listed online fashion retailer Koovs has won the backing of a major Indian retail group in a ‘transformational’ deal that will help it raise cash and reach more customers.


Koovs


The company announced on Wednesday that Future Lifestyle Fashions Limited, part of Future Group, has agreed to subscribe for up to a 29.9% stake in Koovs.

Subject to the satisfaction of certain conditions, the agreement will see Koovs issue Future Lifestyle Fashions Limited with 57,876,600 new ordinary shares at a price of 10p per share. The deal will raise around £5.78 million in cash.

With over 60 brands and more than 2,000 retail stores, Future Group is one of India’s leading consumer goods companies, and one of the world’s top 10 fashion apparel companies by sales volume.

Its portfolio of 30 fashion brands are distributed through exclusive brand outlets, department stores and multi-brand retailers, as well as company-operated chains. It is described as a “unique player in the Indian fashion industry” due to its integrated ‘design to distribution’ model and presence across all key segments within the fashion industry.

"This marks a giant step forward in the Koovs' journey to win the e-fashion market in India,” Lord Alli, chairman of Koovs, said about the partnership. “FLFL with its leadership position as an integrated branded fashion player and the Koovs brand and technology platform are an unbeatable combination. This investment will bring enormous benefits to our customers and partners as well as significant value for all shareholders." 

Kishore Biyani, Future Group managing director and group CEO, added: "In FLFL we have successfully created, grown and invested in leading Indian fashion brands and are excited to partner with Koovs to continue building on FLFL's ambition. This investment would complement the existing value chain for FLFL as an integrated branded fashion player. FLFL's strong retail presence backed by owned brands coupled with Koovs online strategy will help reach more customers and create value for all stakeholders.”

The announcement sent Koovs shares soaring in mid-afternoon trading on Wednesday.

Copyright © 2022 FashionNetwork.com All rights reserved.