Tanishq Closes U.S. Jewelry Shops

Another jeweler is closing up shop in the U.S. Indian jewelry chain Tanishq had just two stores in the United States, one in Paramus, New Jersey and one in Schaumburg, Illinois. The first store in the U.S. opened just last summer and the company had planned to open 25 more stores around the U.S. The brand's stores had a relaxing spa-like theme and the jewelry collections carried names like Zen, Yoga and Gingko. While it looked like they were off to a strong start in the beginning, the economic downturn eventually compelled the brand to look for investors to help keep it alive in the U.S. When none where forthcoming, the brand decided to shut down the two stores which it did last month.

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