City-based Torero Corporation today said it will set up exclusive single-brand stores of international premium fashion label 'Police' in the country.
"We are in the process of setting up exclusive Police brand shops in India and in the next few months at least one would be unveiled at Mumbai airport," Torero Corporation CEO Yashovardhan Gupta said here.
Torero is the global licensee for Police leather bags and accessories, except for Middle East and Japan.
The USD 400 million brand from Spanish group De Rigo is known for premium urban street fashion range, offering sunglasses, denims, watches and men's accessories.
Gupta said initially Torero will set up exclusive brand shops of Police without any direct financial involvement from the Spanish parent.
De Rigo may later invest in India directly, he said.
Torero is also in talks with Shoppers Stop and online platforms like Amazon, Jabong and Flipkart for multi-channel distribution. Pricing of offline and online channels will remain the same, he added.
Gupta said most of the leather accessories will be manufactured in India from imported leather.
"As the leather products will be made in India, we will have an advantage of 30 per cent in cost by way of customs duty compared to other luxury leather brands in India," he said.
