.Dubai-based Apparel Group, which started its own journey in 1996 in Dubai as well as grew its visibility to India in 2001, is planning to wager large on the Indian market. It is aiming to open 750 new establishments in the following three years, Nilesh Ved, co-founder, Garments Group said to ETRetail in an exclusive interaction.At present, the company boasts of 85 brand names and also 2,200 retail stores throughout 14 countries. It presently runs 17 labels as well as 250 outlets in 38 urban areas of India." Our company find the extent of development for each and every of our companies like Bath & Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At found, the group runs 33 retail stores of Tim Hortons and also organizes to take the total shop matter to 250. It prepares to broaden Aldo coming from 69 establishments to 150, R&B from 35 establishments to 200, and also include 200 additional stores of Crocs." Over the following six months, our company also plan to introduce 2 brand-new F&B companies in India - Sushi Collection and also Allo Beirut," he mentioned." Our company're always in search of the spaces in the field be it market value retail, or even international companies in fashion and footwear," he additionally added.Currently, India contributes 10 per-cent of the revenue of the general group which is valued at $2.2 billion and the firm considers to take India's share to 25 per cent in the upcoming 3 years." Nowadays, footwear, beauty, F&B, as well as value section are actually the best-performing categories for our team here in India," he asserted.For R&B, the firm sources 100 per-cent of the uncooked products from India for India stores and 60 per cent for the establishments in the Gulf of mexico." Presently, our team are sourcing most of our basic materials for the brand Aldo coming from India, and in a year's opportunity, we will certainly additionally begin transporting it to various other nations around the world," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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