.Dubai-based Garments Group, which began its own quest in 1996 in Dubai and grew its visibility to India in 2001, is considering to bet significant on the Indian market. It is actually aiming to open 750 new shops in the next three years, Nilesh Ved, co-founder, Clothing Team said to ETRetail in an unique interaction.At existing, the provider takes pride in 85 companies and also 2,200 shops throughout 14 countries. It presently operates 17 labels and also 250 outlets in 38 metropolitan areas of India." We observe the scope of growth for each and every of our brand names like Bath & Body Functions, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the group runs thirty three shops of Tim Hortons and organizes to take the complete outlet matter to 250. It plans to expand Aldo coming from 69 outlets to 150, R&B coming from 35 stores to 200, and also include 200 more shops of Crocs." Over the upcoming six months, we additionally plan to offer 2 brand-new F&B brand names in India - Sushi Library as well as Allo Beirut," he pointed out." We're constantly on the lookout for the gaps in the field be it worth retail, or global labels in vogue and also shoes," he better added.Currently, India adds 10 per-cent of the profits of the total team which is actually valued at $2.2 billion as well as the company intends to take India's share to 25 per cent in the following three years." At present, footwear, beauty, F&B, and also value portion are actually the best-performing groups for our team right here in India," he asserted.For R&B, the business sources 100 percent of the fresh materials from India for India outlets and also 60 per-cent for the retail stores in the Gulf of mexico." Presently, our company are sourcing many of our basic materials for the brand Aldo coming from India, as well as in a year's time, our company will likewise begin transporting it to other countries internationally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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