PARIS — Independent French contemporary label Tara Jarmon is expanding its retail footprint, mainly in Europe.
The company plans to open street-front stores in Madrid in May and Zurich, Munich and London in August or September, according to international sales director Vittorio Orebi. The units are to range in size from 600 to 1,300 square feet.
“We are also studying a U.S. entry, probably in New York City, for later in the year,” he said, noting the brand is not currently present in North America.
Tara Jarmon currently has about 1,000 sales points in 62 countries, mainly in specialty and department stores.
While it opened its first directly operated stores as tests in Geneva two years ago and Brussels in late 2011, the majority of the brand’s 50 stand-alone boutiques worldwide, including 30 in France, are franchises, Orebi explained.
Tara Jarmon posted revenues of 45 million euros, or $58.9 million at current exchange, in 2011, an 18 percent gain versus 2010, Orebi said.
“We are expecting growth of 20 percent for 2012, partly thanks to the fact that we have added 100 new doors for the fall-winter 2012 collection,” he added.
Last year, the company also launched a new line for young women between 18 and 25 years old, whereas the core line targets those ages 25 to 35.