.Dubai-based Clothing Group, which started its journey in 1996 in Dubai and also increased its own presence to India in 2001, is preparing to bet large on the Indian market. It is actually aiming to open up 750 brand-new retail stores in the following three years, Nilesh Ved, founder, Garments Team told ETRetail in an exclusive interaction.At existing, the firm takes pride in 85 brands as well as 2,200 retail stores throughout 14 countries. It presently runs 17 companies as well as 250 establishments in 38 areas of India." Our team observe the range of development for every of our labels like Bathroom & Physical Body Functions, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group operates thirty three establishments of Tim Hortons as well as organizes to take the complete retail store count to 250. It considers to extend Aldo from 69 establishments to 150, R&B coming from 35 establishments to 200, as well as include 200 more stores of Crocs." Over the upcoming 6 months, our company also prepare to present 2 brand-new F&B labels in India - Sushi Library as well as Allo Beirut," he claimed." Our company're always on the lookout for the spaces in the market be it value retail, or worldwide companies in vogue and shoes," he further added.Currently, India adds 10 per-cent of the revenue of the general team which is actually valued at $2.2 billion and the company prepares to take India's reveal to 25 per cent in the next 3 years." At present, footwear, appeal, F&B, and also worth segment are actually the best-performing types for us listed below in India," he asserted.For R&B, the company sources 100 per-cent of the raw materials coming from India for India retail stores and 60 per-cent for the outlets in the Gulf of mexico." Currently, our team are sourcing many of our resources for the brand Aldo from India, and also in a year's time, our experts are going to also start transporting it to various other countries around the globe," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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