.Dubai-based Garments Group, which began its own trip in 1996 in Dubai and also broadened its own visibility to India in 2001, is actually considering to bet significant on the Indian market. It is striving to open up 750 new retail stores in the next three years, Nilesh Ved, founder, Apparel Team informed ETRetail in an exclusive interaction.At found, the provider possesses 85 brands as well as 2,200 retail stores around 14 countries. It currently runs 17 companies as well as 250 retail stores in 38 cities of India." Our experts observe the scope of development for every of our brand names like Shower & Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At current, the team operates thirty three outlets of Tim Hortons as well as considers to take the complete shop count to 250. It organizes to broaden Aldo from 69 shops to 150, R&B from 35 stores to 200, and also incorporate 200 even more shops of Crocs." Over the upcoming 6 months, our experts also intend to present 2 new F&B brands in India - Sushi Public Library and Allo Beirut," he claimed." Our experts're always looking for the gaps in the industry be it value retail, or even worldwide companies in fashion and shoes," he better added.Currently, India contributes 10 percent of the income of the total group which is actually valued at $2.2 billion and the company organizes to take India's allotment to 25 percent in the upcoming 3 years." At present, footwear, beauty, F&B, as well as market value portion are the best-performing types for our company listed below in India," he asserted.For R&B, the firm sources one hundred percent of the fresh products from India for India shops as well as 60 per-cent for the shops in the Gulf." Currently, our team are sourcing the majority of our raw materials for the brand Aldo from India, and in a year's time, our company will also begin exporting it to other countries worldwide," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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