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Business

Koovs’ shareholders reported to request investigation into the retailer’s administrators

Shareholders in collapsed fashion retailer Koovs – known as the ‘India’s ASOS’ – are reported to have threatened legal action to remove FRP Advisory as administrator for the apparel business over its sale. Lawyers for four Koovs investors demanded an investigation into potential breaches of FRP Advisory’s duties in relation to a 3 million pounds...

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Management |ANALYSIS Featured

What’s going on with Koovs, ‘India’s Asos wannabe’?

New York – Doubts over Koovs’ future are building up after the Indian ‘Asos wannabe’ has failed to secure the funding they need to keep up with their ambitions. Lord Alli, formerly at Asos’ helm, listed Koovs PLC on London’s junior stock market, AIM. His vision was to replicate the success he helped build during his 12 years tenure as chairman...

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