.Dubai-based Clothing Team, which started its own adventure in 1996 in Dubai and also expanded its visibility to India in 2001, is actually planning to wager big on the Indian market. It is actually striving to open 750 new stores in the next 3 years, Nilesh Ved, founder, Garments Group told ETRetail in a special interaction.At present, the company shows off 85 brand names and also 2,200 establishments all over 14 nations. It currently works 17 brand names and also 250 retail stores in 38 cities of India." Our team see the extent of expansion for every of our companies like Bathroom & Body Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At current, the group functions thirty three retail stores of Tim Hortons and prepares to take the complete store count to 250. It intends to extend Aldo coming from 69 retail stores to 150, R&B from 35 retail stores to 200, as well as include 200 additional stores of Crocs." Over the next six months, our experts likewise prepare to offer 2 new F&B labels in India - Sushi Public Library and Allo Beirut," he mentioned." We are actually consistently in search of the gaps in the business be it value retail, or international companies in vogue as well as footwear," he additionally added.Currently, India provides 10 per-cent of the revenue of the overall team which is actually valued at $2.2 billion as well as the firm prepares to take India's allotment to 25 percent in the next three years." At present, shoes, elegance, F&B, as well as market value sector are actually the best-performing categories for our team listed below in India," he asserted.For R&B, the provider resources 100 per cent of the fresh products from India for India retail stores and 60 per-cent for the establishments in the Gulf." Presently, our company are sourcing most of our raw materials for the brand Aldo from India, as well as in a year's opportunity, we are going to additionally begin exporting it to various other countries around the world," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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