Italian clothing company Stefanel is to expand its network of Spanish stores from seven to 25 by the end of 2005.

On the back of this growing business the company says it expects its Spanish operations to contribute 1.65 million euros ($1.653 million) to its 2002 turnover. Stefanel is forecasting a total turnover of 900 million euros ($901.5 million) for fiscal 2002.

The clothing firm has signed a master franchise agreement with the company White & Gi, which is currently negotiating with potential franchisees in Spain. It is planning to open five shops in 2003.