.Dubai-based Garments Team, which began its own quest in 1996 in Dubai and expanded its presence to India in 2001, is considering to bet huge on the Indian market. It is actually intending to open up 750 brand-new retail stores in the next three years, Nilesh Ved, co-founder, Clothing Group said to ETRetail in an exclusive interaction.At present, the provider shows off 85 companies as well as 2,200 retail stores around 14 nations. It presently operates 17 brands and 250 stores in 38 areas of India." Our team see the scope of growth for each of our brands like Bath & Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At current, the team runs 33 shops of Tim Hortons and prepares to take the overall shop count to 250. It considers to expand Aldo from 69 stores to 150, R&B from 35 stores to 200, as well as include 200 more retail stores of Crocs." Over the next six months, our company additionally organize to offer 2 brand new F&B labels in India - Sushi Collection and also Allo Beirut," he mentioned." Our company are actually regularly in search of the voids in the field be it market value retail, or even worldwide labels in fashion as well as footwear," he further added.Currently, India provides 10 per-cent of the revenue of the total team which is valued at $2.2 billion and the company considers to take India's allotment to 25 per cent in the following three years." Presently, footwear, beauty, F&B, and market value segment are the best-performing types for us here in India," he asserted.For R&B, the company sources 100 per cent of the uncooked products coming from India for India shops as well as 60 percent for the shops in the Gulf of mexico." Presently, our team are actually sourcing a lot of our raw materials for the brand Aldo from India, as well as in a year's time, our team are going to also start shipping it to other countries worldwide," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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