.Dubai-based Garments Team, which started its adventure in 1996 in Dubai and also grew its existence to India in 2001, is preparing to wager big on the Indian market. It is striving to open 750 brand-new retail stores in the following 3 years, Nilesh Ved, founder, Apparel Group said to ETRetail in an exclusive interaction.At present, the firm possesses 85 brands and 2,200 outlets throughout 14 nations. It presently runs 17 companies as well as 250 establishments in 38 areas of India." Our team observe the extent of growth for each and every of our brand names like Bath & Physical Body Functions, Aldo, Crocs, and Tim Hortons among others," he said.At present, the team works 33 establishments of Tim Hortons as well as prepares to take the total outlet count to 250. It plans to expand Aldo from 69 retail stores to 150, R&B from 35 establishments to 200, and also add 200 additional establishments of Crocs." Over the following 6 months, our company additionally consider to present 2 brand-new F&B companies in India - Sushi Library and also Allo Beirut," he said." Our company're regularly in search of the voids in the sector be it worth retail, or even worldwide brand names in fashion as well as footwear," he further added.Currently, India adds 10 percent of the income of the overall team which is valued at $2.2 billion as well as the business prepares to take India's share to 25 per cent in the next 3 years." Nowadays, shoes, elegance, F&B, and market value sector are actually the best-performing types for our team listed below in India," he asserted.For R&B, the provider sources one hundred per cent of the fresh materials from India for India retail stores and also 60 percent for the establishments in the Gulf." Currently, our company are sourcing most of our raw materials for the brand Aldo from India, as well as in a year's time, our team will certainly additionally start transporting it to other nations internationally," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Participate in the neighborhood of 2M+ sector professionals.Sign up for our email list to receive most current insights & analysis.
Download ETRetail App.Obtain Realtime updates.Spare your preferred short articles.
Browse to download and install App.