Kickers Fashion Stores Enters Doha Via KICL

Kothari Industrial Corporation Ltd (KICL) has a Qatar connection. A company belonging to the Royal family of Qatar has invested in KICL picking up, in the process, a 10% stake in the Chennai-based firm. KICL is now solidifying its ties with Qatar.  The Chennai company has set up a Kickers fashion store at Doha in Qatar. Kickers is a French footwear and apparel brand which was bought in 2007 by the Royer Group. The store opened on March 26. KICL has a long-term licensing pact to market Kickers brand in India and a few other countries. The Doha store signals the desire of KICL to firmly establish its footprint in the global retail market. The store is housed at a prestigious mall of Qatar. The collaboration with the Royer Group of France for Kickers brand has already seen KICL establish a mall in Chennai. With a rich legacy, KICL is making a strong comeback to regain its yesteryear glory. Rafiq Ahmed, the new owner of KICL, has laid out an ambitious plan to open 100 exclusive Kickers stores across India. KICL turnaround under Rafiq Ahmed has already seen its shares back on bourses. Since its relisting early last year, there has been an upward drive for the KICL share. Today, the market capitalization of KICL is inching close to Rs 1500 crore. Well, KICL is on a fast-lane and keen to go places, it appears.