.Dubai-based Apparel Group, which started its own quest in 1996 in Dubai as well as increased its own presence to India in 2001, is preparing to bet large on the Indian market. It is targeting to open 750 new establishments in the next 3 years, Nilesh Ved, co-founder, Garments Team told ETRetail in a special interaction.At found, the firm shows off 85 brands as well as 2,200 stores around 14 nations. It currently functions 17 brands and 250 shops in 38 urban areas of India." Our company see the extent of growth for each of our brands like Bathroom & Body Performs, Aldo, Crocs, and also Tim Hortons among others," he said.At existing, the team runs 33 establishments of Tim Hortons and also plans to take the complete outlet count to 250. It organizes to increase Aldo from 69 shops to 150, R&B coming from 35 establishments to 200, and also add 200 additional establishments of Crocs." Over the upcoming 6 months, our company additionally prepare to present 2 new F&B brand names in India - Sushi Public Library and also Allo Beirut," he claimed." Our team are actually always on the lookout for the spaces in the field be it market value retail, or global companies in vogue as well as shoes," he even further added.Currently, India adds 10 per cent of the earnings of the overall group which is actually valued at $2.2 billion and also the provider plans to take India's reveal to 25 percent in the following three years." Nowadays, footwear, charm, F&B, as well as worth sector are actually the best-performing categories for our team listed below in India," he asserted.For R&B, the provider sources 100 percent of the fresh components from India for India establishments and also 60 per-cent for the retail stores in the Gulf of mexico." Presently, we are sourcing the majority of our raw materials for the label Aldo from India, and in a year's time, our team will definitely likewise begin transporting it to other nations globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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