Kujten, a Paris-based luxury cashmere brand, will open its first U.S. flagship on Madison Avenue this fall.

The company, founded by Carole Benaroya and Stéphanie Eriksson, has inked a deal for a three-level, 4,400-square-foot store at 831 Madison Ave. The space, on 69 th Street, had formerly housed Akris . It is expected to open on Sept. 9, right before the kickoff of New York Fashion Week.

Kujten was created in 2012 by Benaroya and Eriksson, who had met in school as teenagers. Benaroya opted for a career in finance and began her career at Goldman Sachs in London while Eriksson studied fashion and joined the British fashion brand Joseph.

The friends reconnected in their 30s and decided to create a high-end brand focused on basic and statement cashmere pieces offered in an array

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