The children’s fashion brand Tuc Tuc continues exporting its business model to more international markets. The company has crafted an expansion plan that will take Tuc Tuc to open five new points of sale in China by the end of the year.
In parallel, the company will strengthen its presence in markets where it operates, such as Mexico and Germany.
Tuc Tuc, which counts with a distribution network of 25 stores in Spain, looks forward to land in new markets where it has no presence and to strength it in countries in which already operates, according to Icex. The opening to new markets in the coming years will be focused on countries like China. Tuc Tuc already has five corners in this market and plans to open five new points of sale in Shanghai, Beijing and Hangzhou. The company is also exploring the possibility of landing in Malaysia.
At the same time, Tuc Tuc will reaffirm its commitment to Europe and Latin America’s markets, from where the company receives almost the 50% of its turnover. According to the latest figures provided by the company, Tuc Tuc’s forecast was to close the year 2011 with a turnover of 32 million euros.
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