.Dubai-based Apparel Group, which started its own adventure in 1996 in Dubai and expanded its visibility to India in 2001, is actually preparing to wager big on the Indian market. It is targeting to open 750 new stores in the next 3 years, Nilesh Ved, co-founder, Garments Team informed ETRetail in an exclusive interaction.At found, the company shows off 85 companies as well as 2,200 outlets throughout 14 countries. It currently runs 17 companies and 250 shops in 38 urban areas of India." We find the range of expansion for each and every of our brands like Bathroom & Physical Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At current, the group runs thirty three establishments of Tim Hortons and also considers to take the total store matter to 250. It organizes to extend Aldo coming from 69 stores to 150, R&B coming from 35 outlets to 200, and also incorporate 200 even more establishments of Crocs." Over the upcoming 6 months, our experts additionally organize to present 2 brand-new F&B companies in India - Sushi Public Library as well as Allo Beirut," he pointed out." We're constantly looking for the spaces in the field be it value retail, or international labels in vogue and also footwear," he even more added.Currently, India provides 10 per cent of the earnings of the total group which is valued at $2.2 billion and also the provider prepares to take India's share to 25 percent in the next three years." Nowadays, shoes, beauty, F&B, and also value segment are the best-performing classifications for us below in India," he asserted.For R&B, the company sources one hundred percent of the raw materials coming from India for India retail stores as well as 60 per-cent for the shops in the Gulf of mexico." Presently, our team are actually sourcing the majority of our basic materials for the company Aldo coming from India, and also in a year's opportunity, our experts are going to also begin exporting it to various other countries internationally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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