Kimaya to open 3 stores in US | business | Hindustan Times
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Kimaya to open 3 stores in US

business Updated: May 04, 2009 23:27 IST
PTI
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Mumbai-based fashion house Kimaya Studios plans to set up three outlets in the US over the next three years as it expands its overseas operations.

Kimaya, which has established its first US outlet on Madison Avenue in New York, plans to set up two more stores in Los Angeles and Miami.

"With rentals coming down and a sustained demand for Indian craftsmanship, we have set up a store on Madison Avenue...Going ahead, we plan to have two stores in Los Angeles and Miami and are also looking at Chicago," Kimaya Studios Chairman Pradeep Hirani said.

He, however, declined to divulge the investment details.

Kimaya already runs a store in Dubai.

The company has entered into a licensing agreement with US-based entrepreneur, Soignée Kothari for opening the stores.
The New York store, spread over 4,500 sq ft, would be operational in September and the company is targeting business worth USD 15 million from each store.

"The store would sell apparels showcasing Indian craftsmanship on the accepted palate of international silhouette... We are looking at business worth $ 15 million from each store," Hirani said.

The company is targeting the American clientele rather than the Non-Resident Indian population.