Sunday, 9 October 2016

Torero eyes top leather accessory fashion tag

Five years into its operations, the city-based Torero Corporation is working on plans to become the world's largest leather accessory fashion company, with a host of top international brands already in the kitty.

Torero has exclusive global licence for manufacturing and marketing of powerful global brands such as CROSS of the US, Spanish Torero, Austrian Swarovski IB and Police.



"We are already the owner of many international brands with exclusive global manufacturing and marketing rights for leather accessories. Some 10 more brands are in the pipeline that will be rolled out in phases. We want to be top international leather accessory fashion house with largest brands in our kitty," Torero Corporation Director and CEO Yashovardhan Gupta told PTI.

"We are on the fast growth track targetting USD 100 million revenue in the next two years till 2018-19."

Gupta said the company would pull off this growth from just USD 7 million revenue in 2016-17 with extensive expansion of footprint through 10,000 points of sales globally from the existing 1,100.

Torero's products are currently retailed at stores such as Shoppers Stop, Jashanmal, Galeria Inno, Takashimaya and El Corte Ingles, to name a few, in more than 50 countries across Asia, Europe and America.

Cross is the top brand for the company to rake in maximum sales. The company will soon launch leather accessories under the Police brand, best known for its fashion eyewear.
http://www.business-standard.com/article/pti-stories/torero-eyes-top-leather-accessory-fashion-tag-116100900220_1.html

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