Half of Koovs employees sacked
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It’s been barely 2-months since the Reserve Bank of India has rejected Kishore Biyani’s investment proposal of INR 64 crore in Koovs fashion. According to the reports, Koovs now sacked about half of its employees. Sources said, Koovs sacked virtually whole teams of buying and merchandising and marketing. Koovs CEO announced that they have re-financed the company successfully and now streamlining the business for future.