Online fashion retailer Koovs fires 50% staff: Report

Fashion e-commerce platform Koovs has fired 50% of its staff, around 140 employees, a report said. A source said, except in technology, the company has virtually sacked whole teams of buying, merchandising and marketing. "Koovs has successfully refinanced the business and refocused its business priorities, which included streamlining of some of its operations," CEO Mary Turner said.

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