Koovs PLC Koovs announces international expansion (0932B)
31 March 2017 - 5:00PM
UK Regulatory
TIDMKOOV
RNS Number : 0932B
Koovs PLC
31 March 2017
For Release at 7am on 31 March 2017
Koovs plc
Koovs announces strategy for international expansion into Middle
East and Asia-Pacific
London, 31 March 2017: Koovs plc.(AIM:KOOV) announces its
strategy to expand into additional high potential markets in
Asia-Pacific and the Middle East.
The first international distribution agreement, signed today,
will launch the Koovs Private Label Collection on SOUQ.com, the
leading e-commerce player in the Middle East, this summer. The
Private Label Collection is currently Koovs.com's best-selling
single brand, accounting for 40% of sales.
Working with international distribution and fulfilment partners
will enable the company to leverage in-country expertise in
logistics and marketing and ensure Koovs remains focused on India,
which is its core territory and the fastest growing e-commerce
market in the world today.
Mary Turner, CEO of Koovs, said: "This is a great opportunity
and I am excited to extend the Koovs brand into new territories
with our first distribution deal for the Middle East. India remains
our core market and the Private Label Collection will only be
available in India on Koovs.com."
For further information please contact:
Koovs plc
Mary Turner/Robert Tel: +44 (0)20
Pursell 7151 0170
Peel Hunt LLP
Dan Webster / George
Sellar Tel: +44 (0)
Jock Maxwell Macdonald 20 7418 8900
(ECM)
Media enquiries:
Headland
Lucy Legh / Rob Tel: +44 (0)20
Walker / Pippa 3805 4822
Murphy
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCWGUQUWUPMGMU
(END) Dow Jones Newswires
March 31, 2017 02:00 ET (06:00 GMT)
Koovs (LSE:KOOV)
Historical Stock Chart
From Apr 2024 to May 2024
Koovs (LSE:KOOV)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Koovs Plc (London Stock Exchange): 0 recent articles
More Koovs News Articles