Future Lifestyle Fashions news and archive

Koovs’s back and forth with shareholders stall outstanding major investment

New York – UK-listed Indian fashion e-commerce platform Koovs PLC said Monday it remains in talks with major shareholder Future Lifestyle Fashions Ltd, owned by Future Group, for completing its outstanding 6.5 million pounds investment. Koovs shares were down 31 percent at 2.50 pence each in London on Monday afternoon. As a reference, three...

Management |ANALYSIS

India’s Future Lifestyle Fashions to acquire 29.9 percent stake in London-listed Koovs.com

India’s apparel group Future Lifestyle Fashions Ltd. will acquire a 29.9 percent stake in e-commerce fashion retailer Koovs, becoming the largest shareholder in the London-traded fashion site. “This investment would complement the existing value chain for FLFL as an integrated branded fashion player. FLFL’s strong retail presence backed by owned...