.Dubai-based Garments Team, which began its quest in 1996 in Dubai as well as broadened its visibility to India in 2001, is actually organizing to bet large on the Indian market. It is actually targeting to open up 750 brand-new retail stores in the upcoming three years, Nilesh Ved, co-founder, Apparel Group told ETRetail in an exclusive interaction.At present, the company boasts of 85 brand names and also 2,200 shops throughout 14 countries. It currently works 17 brands and also 250 retail stores in 38 metropolitan areas of India." We observe the scope of expansion for each of our labels like Bathroom & Physical Body Functions, Aldo, Crocs, and Tim Hortons among others," he said.At existing, the group runs thirty three outlets of Tim Hortons as well as intends to take the total establishment count to 250. It plans to extend Aldo coming from 69 outlets to 150, R&B from 35 stores to 200, and also add 200 additional establishments of Crocs." Over the upcoming six months, our experts likewise intend to launch 2 brand new F&B labels in India - Sushi Collection as well as Allo Beirut," he said." We are actually constantly on the lookout for the voids in the field be it market value retail, or global brand names in fashion and also shoes," he better added.Currently, India adds 10 per cent of the revenue of the total group which is valued at $2.2 billion as well as the firm prepares to take India's portion to 25 per-cent in the next 3 years." At present, footwear, charm, F&B, as well as worth sector are actually the best-performing groups for our company right here in India," he asserted.For R&B, the company resources one hundred percent of the uncooked products from India for India stores and also 60 percent for the establishments in the Gulf of mexico." Presently, our experts are sourcing a lot of our resources for the brand Aldo from India, and in a year's time, we will definitely additionally begin transporting it to other countries internationally," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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