.Dubai-based Garments Group, which started its journey in 1996 in Dubai and broadened its visibility to India in 2001, is organizing to bet huge on the Indian market. It is actually aiming to open 750 brand new stores in the next three years, Nilesh Ved, founder, Apparel Team informed ETRetail in an exclusive interaction.At present, the firm boasts of 85 labels and 2,200 retail stores across 14 nations. It currently runs 17 brand names and 250 outlets in 38 urban areas of India." Our company observe the range of expansion for each and every of our companies like Bathtub & Physical Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At existing, the group functions 33 establishments of Tim Hortons as well as plans to take the overall outlet matter to 250. It prepares to extend Aldo from 69 establishments to 150, R&B from 35 shops to 200, and incorporate 200 more outlets of Crocs." Over the upcoming 6 months, our team additionally intend to introduce 2 brand new F&B labels in India - Sushi Collection and Allo Beirut," he pointed out." Our team are actually consistently looking for the gaps in the field be it value retail, or even global companies in fashion and also footwear," he even more added.Currently, India contributes 10 per-cent of the income of the general group which is valued at $2.2 billion and also the business plans to take India's reveal to 25 percent in the following 3 years." Today, footwear, charm, F&B, and market value section are actually the best-performing groups for our company right here in India," he asserted.For R&B, the firm resources 100 per-cent of the fresh materials coming from India for India shops as well as 60 per-cent for the shops in the Gulf of mexico." Presently, we are sourcing many of our basic materials for the label Aldo coming from India, as well as in a year's opportunity, our company will definitely additionally start exporting it to various other countries worldwide," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
Sign up with the community of 2M+ market professionals.Sign up for our bulletin to receive most up-to-date knowledge & analysis.
Install ETRetail Application.Acquire Realtime updates.Save your preferred articles.
Browse to install Application.