.Dubai-based Garments Team, which began its own adventure in 1996 in Dubai and grew its presence to India in 2001, is actually planning to wager significant on the Indian market. It is actually striving to open up 750 new retail stores in the upcoming 3 years, Nilesh Ved, founder, Apparel Group told ETRetail in a special interaction.At existing, the provider boasts of 85 brand names and 2,200 stores all over 14 countries. It presently functions 17 companies and 250 outlets in 38 cities of India." Our experts see the range of development for each and every of our brand names like Bathtub & Body System Performs, Aldo, Crocs, and Tim Hortons among others," he said.At found, the group runs thirty three establishments of Tim Hortons and prepares to take the overall store matter to 250. It plans to broaden Aldo coming from 69 establishments to 150, R&B from 35 stores to 200, as well as incorporate 200 additional establishments of Crocs." Over the next six months, our team additionally prepare to offer 2 new F&B companies in India - Sushi Collection as well as Allo Beirut," he mentioned." Our company are actually constantly on the lookout for the voids in the market be it value retail, or even worldwide brands in fashion and shoes," he even more added.Currently, India adds 10 percent of the earnings of the overall team which is actually valued at $2.2 billion as well as the firm plans to take India's portion to 25 percent in the next three years." At present, footwear, appeal, F&B, and market value sector are actually the best-performing types for us listed below in India," he asserted.For R&B, the company sources 100 per cent of the uncooked materials from India for India retail stores as well as 60 per cent for the shops in the Gulf." Presently, we are sourcing the majority of our raw materials for the brand Aldo coming from India, and in a year's time, our team will additionally begin exporting it to various other nations globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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