.Dubai-based Garments Group, which began its own journey in 1996 in Dubai as well as grew its visibility to India in 2001, is intending to bet significant on the Indian market. It is targeting to open 750 brand-new shops in the following 3 years, Nilesh Ved, founder, Clothing Team informed ETRetail in an unique interaction.At existing, the business takes pride in 85 brand names and also 2,200 shops around 14 countries. It currently runs 17 brand names and also 250 outlets in 38 cities of India." Our experts view the range of expansion for each of our brand names like Bath & Body System Works, Aldo, Crocs, and also Tim Hortons among others," he said.At existing, the group functions 33 outlets of Tim Hortons and also prepares to take the total retail store matter to 250. It organizes to expand Aldo coming from 69 outlets to 150, R&B coming from 35 establishments to 200, and also add 200 even more stores of Crocs." Over the next 6 months, our company likewise plan to offer 2 new F&B labels in India - Sushi Public Library as well as Allo Beirut," he claimed." We're consistently on the lookout for the voids in the market be it worth retail, or international companies in fashion as well as footwear," he better added.Currently, India contributes 10 percent of the revenue of the overall team which is valued at $2.2 billion and the company prepares to take India's share to 25 percent in the next three years." Nowadays, shoes, appeal, F&B, as well as value segment are actually the best-performing classifications for our team listed below in India," he asserted.For R&B, the business resources one hundred per-cent of the uncooked materials from India for India establishments and also 60 percent for the establishments in the Gulf of mexico." Currently, our experts are sourcing most of our raw materials for the company Aldo coming from India, and also in a year's time, our experts will certainly additionally start shipping it to other countries globally," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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