.Dubai-based Apparel Group, which started its own quest in 1996 in Dubai and expanded its existence to India in 2001, is planning to wager huge on the Indian market. It is aiming to open up 750 new establishments in the next 3 years, Nilesh Ved, founder, Garments Team said to ETRetail in a special interaction.At existing, the provider boasts of 85 brands and 2,200 shops throughout 14 nations. It currently works 17 labels and 250 stores in 38 areas of India." We see the extent of expansion for every of our companies like Shower & Body System Functions, Aldo, Crocs, and Tim Hortons among others," he said.At present, the team operates thirty three shops of Tim Hortons and also prepares to take the overall store matter to 250. It considers to extend Aldo coming from 69 retail stores to 150, R&B coming from 35 shops to 200, and also incorporate 200 even more stores of Crocs." Over the following 6 months, our experts additionally prepare to launch 2 brand-new F&B brands in India - Sushi Collection and also Allo Beirut," he mentioned." Our company're regularly in search of the gaps in the industry be it worth retail, or even worldwide brands in vogue as well as footwear," he even further added.Currently, India provides 10 per-cent of the earnings of the general group which is valued at $2.2 billion and the provider considers to take India's allotment to 25 per-cent in the upcoming three years." Presently, footwear, beauty, F&B, and also worth segment are actually the best-performing types for us listed below in India," he asserted.For R&B, the firm sources one hundred per cent of the fresh components coming from India for India outlets and also 60 per cent for the establishments in the Gulf." Presently, our team are sourcing most of our raw materials for the brand Aldo coming from India, as well as in a year's time, our experts will certainly additionally begin transporting it to other nations around the world," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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