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.