.Dubai-based Garments Team, which started its own adventure in 1996 in Dubai as well as broadened its presence to India in 2001, is actually intending to wager huge on the Indian market. It is intending to open up 750 brand new retail stores in the next 3 years, Nilesh Ved, co-founder, Apparel Group told ETRetail in a special interaction.At found, the provider possesses 85 brand names and also 2,200 establishments all over 14 nations. It presently functions 17 labels and also 250 shops in 38 urban areas of India." Our experts find the extent of expansion for each of our companies like Bathroom & Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the team works thirty three outlets of Tim Hortons as well as plans to take the complete retail store count to 250. It prepares to grow Aldo coming from 69 stores to 150, R&B coming from 35 shops to 200, as well as add 200 more establishments of Crocs." Over the upcoming six months, we also organize to present 2 brand new F&B companies in India - Sushi Public Library and Allo Beirut," he claimed." Our team are actually always in search of the gaps in the industry be it market value retail, or even international brands in vogue and shoes," he even further added.Currently, India provides 10 per-cent of the earnings of the overall group which is valued at $2.2 billion as well as the provider organizes to take India's share to 25 per cent in the following three years." Currently, shoes, charm, F&B, and worth sector are actually the best-performing groups for our team right here in India," he asserted.For R&B, the company sources one hundred percent of the raw components from India for India establishments and also 60 per cent for the stores in the Gulf." Currently, our experts are sourcing most of our basic materials for the label Aldo from India, and also in a year's opportunity, we will certainly additionally begin shipping it to other nations globally," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
Participate in the community of 2M+ industry experts.Sign up for our newsletter to acquire latest knowledge & evaluation.
Download ETRetail Application.Get Realtime updates.Spare your favorite short articles.
Check to download and install App.