.Dubai-based Garments Group, which started its own adventure in 1996 in Dubai and also broadened its own presence to India in 2001, is actually considering to bet significant on the Indian market. It is targeting to open up 750 new retail stores in the next three years, Nilesh Ved, founder, Apparel Team said to ETRetail in a special interaction.At current, the business boasts of 85 companies and 2,200 retail stores throughout 14 countries. It presently works 17 labels and also 250 outlets in 38 metropolitan areas of India." Our experts see the extent of growth for each and every of our brand names like Shower & Physical Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At found, the group works 33 establishments of Tim Hortons as well as intends to take the total retail store matter to 250. It plans to grow Aldo coming from 69 establishments to 150, R&B from 35 shops to 200, as well as include 200 even more stores of Crocs." Over the following six months, our company also consider to present 2 brand-new F&B labels in India - Sushi Library as well as Allo Beirut," he mentioned." We are actually consistently on the lookout for the spaces in the sector be it market value retail, or global companies in fashion as well as shoes," he even more added.Currently, India provides 10 per-cent of the profits of the overall team which is valued at $2.2 billion and the company considers to take India's portion to 25 per cent in the next three years." At present, shoes, elegance, F&B, as well as market value section are actually the best-performing groups for our company listed here in India," he asserted.For R&B, the company resources one hundred per cent of the fresh products from India for India retail stores and also 60 per-cent for the establishments in the Gulf of mexico." Currently, our experts are sourcing many of our raw materials for the brand name Aldo coming from India, as well as in a year's opportunity, our experts will additionally begin exporting it to various other countries worldwide," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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