.Dubai-based Apparel Team, which started its experience in 1996 in Dubai and grew its visibility to India in 2001, is actually organizing to bet significant on the Indian market. It is actually aiming to open 750 brand-new outlets in the next 3 years, Nilesh Ved, founder, Garments Group informed ETRetail in a special interaction.At present, the company boasts of 85 brands as well as 2,200 shops throughout 14 countries. It presently runs 17 brands and 250 stores in 38 metropolitan areas of India." We observe the scope of growth for every of our labels like Bathroom & Physical Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At existing, the group functions thirty three retail stores of Tim Hortons and prepares to take the overall establishment matter to 250. It organizes to expand Aldo coming from 69 retail stores to 150, R&B coming from 35 retail stores to 200, and include 200 more retail stores of Crocs." Over the upcoming six months, our experts additionally consider to present 2 new F&B brand names in India - Sushi Collection and also Allo Beirut," he said." Our company are actually consistently in search of the spaces in the market be it market value retail, or even global brand names in fashion as well as shoes," he further added.Currently, India contributes 10 per cent of the revenue of the overall group which is valued at $2.2 billion and the firm prepares to take India's share to 25 per-cent in the following 3 years." Currently, footwear, elegance, F&B, as well as worth section are the best-performing groups for our team listed here in India," he asserted.For R&B, the firm sources 100 per-cent of the uncooked components from India for India shops as well as 60 percent for the establishments in the Gulf." Presently, our experts are actually sourcing many of our raw materials for the company Aldo coming from India, and also in a year's time, our experts are going to also begin exporting it to various other nations internationally," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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