.Dubai-based Garments Team, which started its own experience in 1996 in Dubai and extended its visibility to India in 2001, is preparing to bet significant on the Indian market. It is actually striving to open up 750 new stores in the next 3 years, Nilesh Ved, founder, Apparel Group informed ETRetail in an exclusive interaction.At current, the provider shows off 85 brands and 2,200 retail stores across 14 countries. It presently operates 17 brand names and 250 shops in 38 urban areas of India." We observe the extent of expansion for each of our labels like Shower & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At current, the group runs 33 stores of Tim Hortons and plans to take the complete establishment count to 250. It prepares to grow Aldo coming from 69 shops to 150, R&B from 35 stores to 200, as well as include 200 even more retail stores of Crocs." Over the next six months, our experts additionally organize to launch 2 brand new F&B labels in India - Sushi Collection and Allo Beirut," he claimed." Our experts are actually always looking for the spaces in the sector be it market value retail, or worldwide companies in fashion as well as footwear," he better added.Currently, India adds 10 per-cent of the income of the total group which is actually valued at $2.2 billion and the company prepares to take India's allotment to 25 per-cent in the following three years." Presently, footwear, beauty, F&B, as well as market value portion are the best-performing classifications for our team below in India," he asserted.For R&B, the firm sources 100 percent of the fresh products coming from India for India outlets as well as 60 per cent for the retail stores in the Gulf of mexico." Presently, we are sourcing most of our raw materials for the brand name Aldo from India, as well as in a year's time, our team are going to also start transporting it to other countries globally," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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