.Dubai-based Apparel Team, which started its own journey in 1996 in Dubai and expanded its own visibility to India in 2001, is preparing to wager large on the Indian market. It is actually targeting to open 750 brand-new establishments in the upcoming three years, Nilesh Ved, co-founder, Garments Group said to ETRetail in an unique interaction.At current, the company boasts of 85 brand names and also 2,200 establishments around 14 countries. It presently works 17 labels and 250 shops in 38 cities of India." Our team see the extent of development for each of our brands like Bathtub & Physical Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At present, the team functions thirty three retail stores of Tim Hortons and also considers to take the total establishment count to 250. It organizes to grow Aldo from 69 retail stores to 150, R&B coming from 35 shops to 200, and add 200 additional stores of Crocs." Over the upcoming 6 months, we additionally organize to introduce 2 brand new F&B companies in India - Sushi Collection and also Allo Beirut," he claimed." Our experts're regularly looking for the gaps in the business be it value retail, or even worldwide brand names in vogue as well as shoes," he better added.Currently, India adds 10 percent of the profits of the general team which is actually valued at $2.2 billion as well as the company prepares to take India's share to 25 per cent in the following 3 years." Nowadays, shoes, elegance, F&B, and also worth section are the best-performing groups for our company listed below in India," he asserted.For R&B, the company sources 100 percent of the raw components from India for India outlets and also 60 per cent for the stores in the Gulf." Currently, our company are sourcing a lot of our resources for the label Aldo from India, and also in a year's opportunity, our company will certainly additionally start exporting it to other countries globally," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Sign up with the community of 2M+ sector professionals.Subscribe to our bulletin to acquire latest knowledge & review.
Download ETRetail App.Obtain Realtime updates.Save your preferred write-ups.
Check to download and install App.