.Dubai-based Apparel Team, which started its own journey in 1996 in Dubai and broadened its existence to India in 2001, is intending to wager big on the Indian market. It is actually targeting to open up 750 new retail stores in the next three years, Nilesh Ved, founder, Garments Group told ETRetail in a special interaction.At present, the firm shows off 85 brands and 2,200 outlets around 14 nations. It presently runs 17 companies as well as 250 shops in 38 areas of India.” We see the extent of development for every of our brand names like Bathroom & Body System Works, Aldo, Crocs, and also Tim Hortons among others,” he said.At existing, the group runs thirty three outlets of Tim Hortons and prepares to take the total retail store matter to 250.
It intends to broaden Aldo coming from 69 shops to 150, R&B from 35 outlets to 200, as well as incorporate 200 even more outlets of Crocs.” Over the following 6 months, our company additionally plan to launch 2 brand-new F&B labels in India – Sushi Collection as well as Allo Beirut,” he said.” We are actually always on the lookout for the gaps in the industry be it market value retail, or even global brand names in fashion and shoes,” he even more added.Currently, India adds 10 percent of the income of the total group which is actually valued at $2.2 billion as well as the business considers to take India’s portion to 25 percent in the next three years.” Today, shoes, charm, F&B, as well as value segment are the best-performing categories for us listed here in India,” he asserted.For R&B, the provider resources 100 percent of the fresh materials from India for India stores and 60 per-cent for the shops in the Gulf.” Presently, our company are sourcing many of our basic materials for the brand name Aldo from India, as well as in a year’s opportunity, our team are going to additionally begin transporting it to other nations around the globe,” he ended. Published On Aug 31, 2024 at 01:32 PM IST. Participate in the community of 2M+ business professionals.Sign up for our bulletin to get most current knowledge & evaluation.
Download And Install ETRetail App.Receive Realtime updates.Conserve your favourite posts. Scan to install App.