.Dubai-based Garments Group, which started its journey in 1996 in Dubai as well as extended its visibility to India in 2001, is actually planning to bet huge on the Indian market. It is striving to open up 750 brand new retail stores in the following three years, Nilesh Ved, co-founder, Clothing Team said to ETRetail in an exclusive interaction.At found, the company boasts of 85 labels as well as 2,200 shops all over 14 nations. It presently runs 17 brand names as well as 250 shops in 38 urban areas of India." Our company find the scope of growth for each of our brands like Bathtub & Body System Works, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group works thirty three establishments of Tim Hortons and intends to take the total establishment count to 250. It prepares to increase Aldo from 69 retail stores to 150, R&B from 35 stores to 200, as well as add 200 even more stores of Crocs." Over the upcoming six months, we likewise plan to launch 2 brand-new F&B brand names in India - Sushi Library and Allo Beirut," he pointed out." Our experts're consistently on the lookout for the voids in the field be it worth retail, or even international labels in fashion as well as shoes," he even more added.Currently, India contributes 10 percent of the income of the total team which is valued at $2.2 billion and also the business prepares to take India's reveal to 25 percent in the upcoming 3 years." Currently, shoes, beauty, F&B, and worth section are actually the best-performing classifications for our company below in India," he asserted.For R&B, the business sources one hundred per-cent of the raw materials from India for India establishments as well as 60 per-cent for the outlets in the Gulf of mexico." Presently, our company are sourcing most of our basic materials for the label Aldo from India, and also in a year's opportunity, our team will definitely likewise start exporting it to various other countries worldwide," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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