.Dubai-based Clothing Team, which began its experience in 1996 in Dubai and also expanded its own visibility to India in 2001, is preparing to bet large on the Indian market. It is actually intending to open 750 brand-new stores in the upcoming 3 years, Nilesh Ved, founder, Apparel Group informed ETRetail in an exclusive interaction.At current, the firm shows off 85 companies as well as 2,200 establishments across 14 countries. It currently runs 17 brand names and also 250 retail stores in 38 urban areas of India." Our team see the scope of growth for every of our companies like Bath & Body Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At present, the group functions 33 shops of Tim Hortons and plans to take the overall retail store count to 250. It considers to expand Aldo coming from 69 stores to 150, R&B coming from 35 retail stores to 200, and also add 200 additional outlets of Crocs." Over the next six months, our team also intend to present 2 new F&B labels in India - Sushi Library and also Allo Beirut," he said." Our experts are actually constantly on the lookout for the voids in the field be it market value retail, or even global brands in fashion and also footwear," he further added.Currently, India adds 10 per cent of the revenue of the total team which is valued at $2.2 billion and also the firm organizes to take India's reveal to 25 percent in the upcoming three years." Presently, shoes, appeal, F&B, and market value sector are actually the best-performing types for us here in India," he asserted.For R&B, the firm sources one hundred percent of the raw components from India for India retail stores and 60 per-cent for the outlets in the Gulf of mexico." Currently, our company are actually sourcing most of our basic materials for the brand Aldo coming from India, and also in a year's time, our team are going to likewise start transporting it to other nations around the globe," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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