.Dubai-based Clothing Team, which started its adventure in 1996 in Dubai as well as grew its own visibility to India in 2001, is actually preparing to bet significant on the Indian market. It is intending to open up 750 new stores in the next three years, Nilesh Ved, founder, Garments Group informed ETRetail in a special interaction.At current, the firm shows off 85 brand names and also 2,200 shops across 14 countries. It currently operates 17 companies and 250 establishments in 38 cities of India." Our company observe the extent of growth for every of our companies like Bathroom & Physical Body Functions, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the team operates 33 outlets of Tim Hortons and also plans to take the overall outlet matter to 250. It organizes to increase Aldo from 69 retail stores to 150, R&B from 35 retail stores to 200, and add 200 additional shops of Crocs." Over the next six months, our company additionally intend to present 2 new F&B labels in India - Sushi Collection and also Allo Beirut," he claimed." Our company're regularly looking for the gaps in the sector be it worth retail, or international brand names in fashion as well as footwear," he even further added.Currently, India provides 10 percent of the revenue of the total team which is valued at $2.2 billion as well as the company intends to take India's reveal to 25 percent in the upcoming 3 years." Currently, footwear, charm, F&B, and worth sector are actually the best-performing classifications for our company here in India," he asserted.For R&B, the company resources 100 per cent of the raw products coming from India for India establishments as well as 60 percent for the retail stores in the Gulf." Presently, our experts are sourcing many of our basic materials for the label Aldo coming from India, as well as in a year's time, our company will certainly also begin exporting it to various other nations around the world," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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