.Dubai-based Garments Group, which started its quest in 1996 in Dubai and increased its own presence to India in 2001, is actually intending to wager large on the Indian market. It is actually intending to open up 750 brand new stores in the upcoming 3 years, Nilesh Ved, co-founder, Clothing Team informed ETRetail in a special interaction.At found, the company possesses 85 companies as well as 2,200 establishments around 14 countries. It currently functions 17 labels and 250 outlets in 38 areas of India." Our experts see the scope of expansion for each of our brand names like Shower & Body Works, Aldo, Crocs, and also Tim Hortons among others," he said.At found, the team runs thirty three retail stores of Tim Hortons and prepares to take the overall shop count to 250. It considers to increase Aldo from 69 stores to 150, R&B coming from 35 outlets to 200, as well as add 200 even more establishments of Crocs." Over the upcoming 6 months, we also plan to offer 2 new F&B brand names in India - Sushi Public Library and also Allo Beirut," he claimed." Our experts are actually always looking for the spaces in the field be it value retail, or even worldwide brands in vogue and also footwear," he additionally added.Currently, India adds 10 percent of the profits of the overall group which is actually valued at $2.2 billion and also the business considers to take India's allotment to 25 per-cent in the following 3 years." Presently, shoes, appeal, F&B, as well as worth section are actually the best-performing types for our team listed below in India," he asserted.For R&B, the firm sources 100 per cent of the fresh components from India for India stores and also 60 per-cent for the shops in the Gulf." Currently, we are sourcing most of our resources for the brand name Aldo coming from India, as well as in a year's opportunity, our team are going to additionally begin transporting it to various other countries around the globe," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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