DWI Holdings, a subsidiary of Himatsingka Seide has signed a license agreement to manufacture and distribute the globally recognized ‘kate spade new york’ brand in North America and certain other geographies. The license agreement pertains to bedding and bath products.
The Himatsingka Group operates over 12 brands globally in the Home Textile space. Its brand portfolio includes marquee brands like Calvin Klein Home, Barbara Barry, Esprit, Bellora and atmosphere, among others. During FY 14, the group generated revenues of over Rs 600 crore from brands. The Group is exploring various initiatives to augment its brand portfolio and deepen the distribution network of these brands. These initiatives should potentially steer revenues from brands to approximately Rs 1,200 crore over the next two years.