Home / Knowledge / News / Textiles / Maishaa to open 20 more exclusive stores
Maishaa to open 20 more exclusive stores
19
Apr '10
AK Retail, a Delhi-based company, with a view to expand its business in the domestic luxury market is preparing to launch 20 more 'Maishaa' stores during the current financial year.

Arun Garg, President, AK Retail, informed that, “Maishaa, the company's exclusive high-end home textile stores, currently has five stores and intends to launch 20 new stores, thus by the end of the current financial year, we will a total of 25 stores.”

At present, Maishaa's outlets are spread across New Delhi, Surat, Hyderabad and Mumbai. The new stores are likely to be developed at 15 main centres, pan-India. These new stores will be located in Tier I and II cities like Bangalore, Kolkata, Indore and Chandigarh.

Though the quantum of funds reserved by the company for the purpose was not disclosed by Garg, it is obvious that each store, which will spread over an area of 1,000-1,500 square feet, will attract an investment of around Rs 5-5.5 million.

AK Retail recently has entered into the high-end textile segment, with leading players like Portico, Bombay Dyeing and Rosebys and few other international brands.

Garg said that, as the Indian luxury market, mainly the bed and bath segments are developing at a fast pace, they are looking forward to cash in on this potential.

The strategy is targeted at enhancing their retail presence in the standalone as well as multi-brand outlet segments, said Garg.

Over the next five years with escalating demand from high-end clients, the Indian luxury market is expected to be worth $30 billion. Also, the company by the end of this financial year is looking forward to doubling its point of sales to 100.

Maishaa, whose main focus remains to be the high-end customer base, encompasses a collection of over 2,000 fabrics and bed linen in the price range of Rs 4,000 to Rs 17,000.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search