Delhi-based premium yogurt chain Cocoberry has announced that it will launch five new outlets by the end of the current fiscal year. The new outlets will open in mini metors and tier II cities.
In an exclusive interaction with IndiaRetailing, GS Bhalla, founder and CEO, Cocoberry, informs, “The new outlets will come up in Bangalore, Jaipur, Ahemdabad, Pune and Goa. The tastes of consumers in these cities is evolving and their demand for better products are no less than the customers in metro cities.”
He reveals that the new outlets would occupy retail area of 220 -330 sq ft. “We have set aside a budget of around Rs 120 crore for the expansion,” Bhalla shares.
The first phase of expansion will begin shortly.
– Juhi Sharma