The next ASOS......26 Jul 2018 20:34
I thought Koovs was the next ASOS!
Comparing the two with now approaching similar market caps, Sosander has revenues of only 1 million pounds with a limited social media audience of middle aged women.
I see Paul Scott loves this early stage online play, whilst loathing Koovs.
It is all about scaling up growth in this saturated market, which costs money- ask Koovs, who literally ran out of dosh before being rescued by one of Indias richest men.
Given a choice, I would rather be invested in the fastest growing major economy on Earth, the last frontier of e commerce. With a young, educated, aspiring, tech savvy population, it is no wonder the likes of Walmart, Amazon, Alibaba et al are all vying for a piece of the massive pie.