.Dubai-based Apparel Team, which started its adventure in 1996 in Dubai and grew its presence to India in 2001, is actually planning to bet significant on the Indian market. It is targeting to open 750 new establishments in the following 3 years, Nilesh Ved, co-founder, Garments Group informed ETRetail in a special interaction.At existing, the business possesses 85 companies and also 2,200 stores all over 14 nations. It currently works 17 brands as well as 250 stores in 38 areas of India." Our team view the range of growth for each and every of our companies like Bathtub & Body Works, Aldo, Crocs, and Tim Hortons to name a few," he said.At found, the group functions thirty three stores of Tim Hortons and intends to take the overall outlet count to 250. It organizes to extend Aldo from 69 stores to 150, R&B from 35 retail stores to 200, and also include 200 more establishments of Crocs." Over the upcoming 6 months, our company also consider to launch 2 brand new F&B brands in India - Sushi Library and Allo Beirut," he pointed out." Our company're constantly in search of the spaces in the business be it market value retail, or even international brand names in vogue and also footwear," he even more added.Currently, India contributes 10 per-cent of the revenue of the overall team which is actually valued at $2.2 billion as well as the provider intends to take India's share to 25 percent in the following 3 years." Currently, footwear, elegance, F&B, and value section are the best-performing groups for our team listed here in India," he asserted.For R&B, the company resources one hundred per-cent of the uncooked components coming from India for India retail stores and also 60 percent for the establishments in the Gulf." Presently, our experts are actually sourcing most of our raw materials for the brand Aldo coming from India, and in a year's time, our company will definitely additionally begin exporting it to other countries globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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