JAPAN: Italian Retailer Coccinelle Agrees Distribution Deal
Italian leather goods retailer Coccinelle is to distribute into the Japanese market after signing a distribution agreement with the Japanese textile company Yagi Tsusho Ltd.
Under the contract, Yagi Tsusho will open 25 stands and shop-in-shops in key Japanese department stores, while a Coccinelle flagship store will be set up in Tokyo.
The new venture is expected to result in profits of around 15 billion Italian lira ($7 million) over the next three years, with a Coccinelle Japanese division also planned.
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