Kimaya seeks expansion in India and abroad

Kimaya, a luxury fashion house is planning to open 40 to 50 stores pan India and as well as abroad within the next few years. The new stores will be launched through mix of ownership as well as franchise model. The brand is now also focusing on tier II cities like Ludhiana, Chandigarh, Pune, Lucknow, Nagpur, Kochi, Jaipur, Hyderabad, Kolkata etc apart from metros. Also, the company is seeking to extend its footprint to international locations such as London, New York, South Africa, Japan, Abu Dhabi, Kuwait etc. Currently, Kimaya has two franchise stores, one each in Chennai and Surat respectively along with established presence via owned stores in various metros.

Also, Kimaya Fashions Private Limited has received investment commitment of Rs 60 crore from Franklin Templeton Private Equity Strategy (FTPES), a rupee denominated private equity portfolio managed by Franklin Templeton Asset Management (India) Private Limited And advised by Darby Asia Investors (India) Private Limited fuel its proposed expansion plans.