.Dubai-based Garments Group, which began its adventure in 1996 in Dubai as well as extended its existence to India in 2001, is considering to bet huge on the Indian market. It is aiming to open 750 brand new establishments in the following 3 years, Nilesh Ved, co-founder, Clothing Team told ETRetail in an unique interaction.At current, the company possesses 85 brand names and 2,200 shops all over 14 nations. It currently functions 17 companies as well as 250 retail stores in 38 urban areas of India." Our experts see the scope of expansion for every of our brand names like Bath & Body System Functions, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the team operates thirty three stores of Tim Hortons and prepares to take the total store matter to 250. It considers to extend Aldo coming from 69 retail stores to 150, R&B from 35 outlets to 200, and also include 200 more stores of Crocs." Over the following 6 months, our company likewise plan to introduce 2 new F&B brand names in India - Sushi Collection as well as Allo Beirut," he pointed out." Our experts are actually regularly in search of the spaces in the sector be it market value retail, or worldwide brand names in vogue as well as footwear," he additionally added.Currently, India contributes 10 per cent of the earnings of the total group which is actually valued at $2.2 billion as well as the provider plans to take India's allotment to 25 per cent in the upcoming three years." Currently, shoes, appeal, F&B, and also worth segment are actually the best-performing categories for our company listed here in India," he asserted.For R&B, the firm resources one hundred per cent of the raw products coming from India for India shops and also 60 per cent for the outlets in the Gulf of mexico." Presently, we are sourcing many of our basic materials for the brand Aldo from India, as well as in a year's time, our experts will certainly additionally begin exporting it to various other countries worldwide," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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