.Dubai-based Garments Group, which began its trip in 1996 in Dubai and broadened its existence to India in 2001, is intending to bet big on the Indian market. It is actually targeting to open up 750 new retail stores in the next 3 years, Nilesh Ved, co-founder, Apparel Team told ETRetail in an exclusive interaction.At current, the business shows off 85 companies and 2,200 establishments across 14 countries. It presently runs 17 labels and 250 outlets in 38 metropolitan areas of India." Our team find the scope of development for every of our brands like Bathtub & Body System Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At current, the group functions 33 outlets of Tim Hortons as well as organizes to take the total outlet count to 250. It intends to expand Aldo coming from 69 retail stores to 150, R&B coming from 35 stores to 200, as well as add 200 additional retail stores of Crocs." Over the upcoming six months, our company likewise prepare to present 2 brand new F&B brands in India - Sushi Collection and Allo Beirut," he said." Our team're constantly on the lookout for the gaps in the industry be it market value retail, or even global labels in vogue and also footwear," he better added.Currently, India adds 10 per cent of the profits of the total team which is actually valued at $2.2 billion and the firm plans to take India's portion to 25 per cent in the upcoming three years." Today, shoes, charm, F&B, as well as value segment are the best-performing types for our team here in India," he asserted.For R&B, the business sources one hundred percent of the raw components coming from India for India retail stores and 60 percent for the shops in the Gulf of mexico." Presently, our company are sourcing the majority of our raw materials for the label Aldo from India, and in a year's time, our company are going to additionally start shipping it to other countries worldwide," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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