Shoppers Stop ties up with Torero Corp to sell Cross, Police products

Shoppers Stop has entered into an exclusive partnership with Kolkata-based Torero Corporation to retail Cross and Police branded leather accessories at all its stores. Torero has the exclusive rights to manufacture and distribute Cross and Police leather accessories.

The first phase of the launch would focus on leather bags, belts and accessories. The second phase would see Police-branded shoes followed by Spanish brand Torero’s leather accessories and Swarovski IB handbags.

Torero Corporation acquired the rights to design, manufacture, distribute and retail Police-branded leather accessories, bags and shoes in India, USA and western Europe. The company which is paying a royalty to the Italian brand Police for manufacturing and distribution rights, is expecting a business of 10 million dollars in the current FY. Yashovardhan Gupta, director and CEO, Torero Corporation plans to offer premium quality products at competitive price. According to him, leather accessories in India will be 30-35 per cent cheaper than the global prices. The company plans to launch its own brand Torero in the Indian market in 2016-17.

The Kolkata-based start-up bagged the exclusive global licence for the American writing instrument brand Cross in 2012.