News: Crocodile plans India expansion through new partner

(RTR 26/05/2006) Mumbai - Singapore-based apparel label Crocodile's Indian partner expects the brand's sales to grow to ten times the current level in five years and said it will invest 250 million rupees to open more retail outlets.

S. P. Apparels, which on Friday became the Indian partner by acquiring Shivrams Associates' 60.14 percent stake in the brand's Indian unit, said it would open 30 stores in three years to expand the network to a total of 86 outlets.

The brand's revenue in India would grow to 1 billion rupees in five years, Sanjay Chandrasekhar, retail vice-president, said.

Crocodile, with a global revenue of $350 million, has over 1,000 stores across Asia.