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Cocoberry to open 50 retail outlets by end of 2010-11

Cocoberry, India’s first premium frozen yogurt chain is eyeing 50 retail outlets across India by the end of fiscal 2010-11. The company, which at present has about 11 operational outlets in Dehi NCR and Mumbai, plans to expand its reach in cities like Chandigarh, Bangalore, Jaipur, Jalandhar, Amritsar, Ludhiana, Pune, Chennai, Kolkata etc in the next one year.  Cocoberry, which launched its first store in Feburary 2009 in Delhi has earmarked an investment close to Rs 120 crore for expansion in the next two years. It has set a target to grow to about 100-150 outlets over the next three years. The nationwide expansion of Cocoberry outlets is a new sunshine opportunity for signage players like in-store media companies, sign suppliers, print providers, etc.

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