.Dubai-based Apparel Group, which began its journey in 1996 in Dubai as well as expanded its own existence to India in 2001, is intending to bet major on the Indian market. It is intending to open up 750 brand-new retail stores in the upcoming three years, Nilesh Ved, co-founder, Clothing Team informed ETRetail in an exclusive interaction.At existing, the provider takes pride in 85 brand names and also 2,200 shops across 14 countries. It presently operates 17 companies and 250 outlets in 38 cities of India." We see the extent of expansion for every of our brands like Bathtub & Body System Works, Aldo, Crocs, and also Tim Hortons among others," he said.At current, the team runs 33 establishments of Tim Hortons as well as plans to take the total outlet count to 250. It intends to broaden Aldo coming from 69 shops to 150, R&B coming from 35 shops to 200, and also incorporate 200 additional shops of Crocs." Over the next six months, our experts also consider to offer 2 brand new F&B brands in India - Sushi Public Library and also Allo Beirut," he mentioned." Our team're constantly in search of the spaces in the sector be it market value retail, or worldwide brand names in vogue as well as footwear," he additionally added.Currently, India adds 10 per-cent of the profits of the overall team which is actually valued at $2.2 billion as well as the provider plans to take India's allotment to 25 per-cent in the upcoming 3 years." Nowadays, footwear, beauty, F&B, and also value sector are the best-performing types for our company here in India," he asserted.For R&B, the business sources one hundred percent of the raw materials coming from India for India stores as well as 60 per cent for the outlets in the Gulf." Presently, our company are sourcing many of our resources for the company Aldo from India, and also in a year's opportunity, our team will certainly likewise begin shipping it to other countries internationally," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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