.Dubai-based Clothing Team, which began its quest in 1996 in Dubai and also grew its existence to India in 2001, is planning to wager big on the Indian market. It is intending to open 750 new stores in the upcoming three years, Nilesh Ved, founder, Garments Group informed ETRetail in a special interaction.At existing, the company takes pride in 85 labels as well as 2,200 shops around 14 nations. It currently works 17 labels as well as 250 stores in 38 cities of India." Our experts view the scope of expansion for every of our brands like Bath & Physical Body Functions, Aldo, Crocs, and Tim Hortons to name a few," he said.At current, the group works 33 retail stores of Tim Hortons as well as plans to take the total establishment matter to 250. It prepares to extend Aldo from 69 outlets to 150, R&B coming from 35 shops to 200, and include 200 more establishments of Crocs." Over the upcoming 6 months, our company also intend to present 2 new F&B brand names in India - Sushi Public Library and also Allo Beirut," he claimed." Our team are actually regularly looking for the voids in the business be it market value retail, or global brands in fashion as well as footwear," he further added.Currently, India contributes 10 percent of the revenue of the general team which is actually valued at $2.2 billion and the company intends to take India's allotment to 25 percent in the upcoming three years." Currently, footwear, elegance, F&B, and market value segment are actually the best-performing groups for our company right here in India," he asserted.For R&B, the company resources 100 per-cent of the fresh materials from India for India shops and 60 percent for the outlets in the Gulf." Presently, our company are actually sourcing many of our resources for the brand Aldo from India, and in a year's time, our experts will definitely also begin shipping it to various other nations globally," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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