.Dubai-based Garments Group, which started its experience in 1996 in Dubai and increased its own presence to India in 2001, is considering to wager large on the Indian market. It is actually aiming to open 750 new retail stores in the next three years, Nilesh Ved, founder, Clothing Team told ETRetail in a special interaction.At existing, the business possesses 85 brand names and also 2,200 retail stores throughout 14 countries. It presently runs 17 brand names as well as 250 outlets in 38 cities of India." Our experts observe the extent of development for every of our labels like Bath & Body System Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At present, the group works 33 outlets of Tim Hortons and intends to take the overall establishment count to 250. It intends to grow Aldo coming from 69 shops to 150, R&B from 35 shops to 200, and include 200 more establishments of Crocs." Over the following six months, our team also prepare to launch 2 brand-new F&B brands in India - Sushi Collection and Allo Beirut," he mentioned." Our team are actually regularly on the lookout for the gaps in the sector be it market value retail, or even international labels in vogue and also footwear," he even further added.Currently, India provides 10 percent of the revenue of the total group which is actually valued at $2.2 billion as well as the business considers to take India's share to 25 percent in the upcoming three years." Currently, shoes, charm, F&B, and market value segment are the best-performing types for our company listed here in India," he asserted.For R&B, the provider resources 100 per cent of the uncooked components coming from India for India outlets and 60 per-cent for the stores in the Gulf." Presently, our company are sourcing most of our raw materials for the company Aldo coming from India, as well as in a year's time, our team will also begin transporting it to other countries internationally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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