London-based Koovs, the fast fashion e-tailer that targets the Indian market, has had plenty of challenges to deal with in the last few years, but its recent funding and trading boost have put it back on track.
Johnson & Johnson's biggest manufacturing plant in India stands idle, three years after the U.S. healthcare company completed construction of production facilities for cosmetics and baby products on the 47-acre site
London-listed Koovs, the fast fashion e-tailer that targets the Indian youth market, had good news Tuesday as it updated on its trading performance in the year to March 31 and also shared details on extra funding.
MySale issued a profit warning on Tuesday with the Cocosa owner saying that it has seen “challenging conditions during its peak trading period.” And it's reviewing its UK business as it focuses on "ANZ-first".
After launching in Australia one year ago, Amazon on Wednesday published details surrounding local shopper preferences with U.S. icons Calvin Klein, Tommy Hilfiger and Levi's proving the most popular in fashion.
Koovs continues to be lossmaking but its losses are reducing as margins improve and its recent funding round has left it confident of future growth in a market where only 1% of sales currently happen online.