Kimaya Fashions Private Limited announces that the company has received investment commitment of Rs 60 crores from Franklin Templeton Private Equity Strategy, a rupee denominated private equity portfolio managed by Franklin Templeton Asset Management (India) Private Limited. Kimaya is India’s largest luxury fashion house and operates high-end designer stores, primarily focusing on Indian ethnic womenswear. It currently manages more than 35,000 sq ft of premium retail space across India and Dubai. Having consolidated its position in major metros of the country, Kimaya is now set to expand its footprints to Tier II cities. Magnification of the high-end company’s stores is considerably an added opportunity for new business for the signage companies dealing extensively in the retail sector.
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