×
1 624
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cambridge - 37.5 Hours - Full Time, Permanent
Permanent · Cambridge
ESTÉE LAUDER
Clinique - Consultant - Boots, Horsham - 36 Hours - Full Time, Permanent
Permanent · Horsham
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Southampton - 21 Hours - Part Time, Permanent
Permanent · Southampton
ESTÉE LAUDER
Clinique - Consultant - Boots, Horsham - 13 Hours - Part Time, Permanent
Permanent · Horsham
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Glasgow - 11 Hours - Part Time, Permanent
Permanent · Glasgow
SHISEIDO
Bareminerals Account Manager - Boots, Aberdeen (30 Hours)
Permanent · Aberdeen
SHISEIDO
Laura Mercier Account Manager - Fenwick, Brent Cross (37.5 Hours)
Permanent · London
SHISEIDO
Laura Mercier Account Manager - John Lewis, Kingston (37.5 Hours)
Permanent · Grand Londres
SHISEIDO
Laura Mercier Account Manager - John Lewis, Reading (37.5 Hours)
Permanent · Reading
ESTÉE LAUDER
Global Consumer Marketing Manager jo Malone London
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Fenwick, Bracknell - 24 Hours / 4 Days - Part-Time Permanent
Permanent · Bracknell
MARSHALLS
71 Retail lp Detective
Permanent · Los Angeles
LINDA FARROW
Optical Key Account Manager
Permanent · LONDON
LINDA FARROW
After Sales Executive (German And French Speaking)
Permanent · LONDON
LINDA FARROW
Trade Marketing Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Bracknell (37.5 Hours)
Permanent · Bracknell
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
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 © 2021 FashionNetwork.com All rights reserved.