The board of Koovs has decided to place the business into administration after failing to secure additional funding to continue operations. Its founder is expected to acquire the brand and assets out of administration.
France’s oldest couture house has revamped some of the models designed by its founder in a special collection to mark its 130th anniversary, which will also be celebrated with an exhibition in Shanghai.
In partnership with the Accessories Council, each brand pitched for a micro grant of $5,000, $10,000, and $15,000 to build their brand and work toward their final launch pad presentation, scheduled for next March.
Established in 2013, the high-end brand led by Anouki Areshidze is a staple of the Georgian fashion scene. Classic silhouettes like trench coats and midi dresses are reworked with the brand’s eco-friendly spirit.
The online personal styling service reported a 21% increase in net revenue for the first quarter on Monday and announced the appointment of Elizabeth Spaulding as its new president, effective January 27, 2020.
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