.Dubai-based Garments Group, which began its quest in 1996 in Dubai as well as broadened its existence to India in 2001, is actually considering to wager big on the Indian market. It is actually intending to open 750 new outlets in the next three years, Nilesh Ved, founder, Clothing Team said to ETRetail in an exclusive interaction.At current, the firm possesses 85 brand names as well as 2,200 stores throughout 14 countries. It presently functions 17 brands and 250 shops in 38 areas of India." Our company view the extent of expansion for each of our labels like Bathroom & Body System Functions, Aldo, Crocs, and Tim Hortons among others," he said.At found, the team operates thirty three outlets of Tim Hortons and intends to take the overall establishment matter to 250. It organizes to increase Aldo coming from 69 retail stores to 150, R&B coming from 35 shops to 200, and add 200 even more stores of Crocs." Over the upcoming 6 months, our company also intend to offer 2 new F&B brand names in India - Sushi Library as well as Allo Beirut," he mentioned." Our company're constantly looking for the voids in the field be it worth retail, or even worldwide brand names in vogue as well as shoes," he even further added.Currently, India adds 10 per-cent of the earnings of the overall group which is valued at $2.2 billion and the provider organizes to take India's reveal to 25 per-cent in the upcoming 3 years." At present, shoes, elegance, F&B, and also market value sector are actually the best-performing groups for our company right here in India," he asserted.For R&B, the business sources one hundred percent of the uncooked products from India for India retail stores and also 60 per-cent for the retail stores in the Gulf of mexico." Presently, our company are actually sourcing many of our raw materials for the brand Aldo coming from India, and in a year's time, we are going to additionally start transporting it to various other countries worldwide," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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