RE: Today17 Oct 2018 17:59
There are several factors all starting to come together. Firstly, Future Group, the largest fashion retailer in India, have completed their subscription for 29.9% of the company. They in turn look likely to conclude a deal with Amazon in which Amazon will take an approx. 7% stake in their business.This will provide significant funds for a new e-commerce drive for Future Group. In addition, Koovs are transitioning to a hybrid model with the opening of the first two retail stores in prime shopping locations. This could lead to many more. As a result of their recent placings with Future Group and with HT Media they are fully funded for the next two years. The deal with HT media is an equity for ads deal so they will be marketing very heavily in the short term which should have a significant impact on sales. There is also the possibility that Koovs could benefit from their powerful payments platform, Future Pay, which has several million subscribers.