.Dubai-based Garments Team, which started its own journey in 1996 in Dubai and also extended its own presence to India in 2001, is actually considering to wager huge on the Indian market. It is actually targeting to open 750 brand new stores in the next 3 years, Nilesh Ved, founder, Apparel Group said to ETRetail in a special interaction.At existing, the provider boasts of 85 companies and 2,200 outlets around 14 countries. It currently functions 17 companies and also 250 establishments in 38 urban areas of India." Our company observe the scope of growth for each of our companies like Shower & Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the group functions 33 shops of Tim Hortons and plans to take the overall retail store count to 250. It intends to increase Aldo from 69 outlets to 150, R&B coming from 35 stores to 200, and incorporate 200 additional outlets of Crocs." Over the next 6 months, our team additionally plan to present 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he pointed out." Our experts're constantly looking for the gaps in the market be it worth retail, or even worldwide brand names in fashion and shoes," he further added.Currently, India provides 10 per-cent of the profits of the overall team which is valued at $2.2 billion and the company intends to take India's portion to 25 percent in the following 3 years." At present, shoes, charm, F&B, and worth portion are the best-performing groups for our company below in India," he asserted.For R&B, the company sources 100 per cent of the raw components from India for India outlets as well as 60 percent for the establishments in the Gulf of mexico." Currently, our experts are sourcing many of our raw materials for the label Aldo from India, as well as in a year's time, our company will certainly likewise start transporting it to various other nations worldwide," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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