.Dubai-based Apparel Group, which started its own experience in 1996 in Dubai and also increased its own visibility to India in 2001, is intending to wager huge on the Indian market. It is targeting to open up 750 brand new stores in the next 3 years, Nilesh Ved, co-founder, Garments Group told ETRetail in an exclusive interaction.At found, the business takes pride in 85 brands and also 2,200 retail stores all over 14 countries. It currently functions 17 brands and also 250 stores in 38 urban areas of India." We see the scope of expansion for each of our brands like Bathroom & Body System Works, Aldo, Crocs, as well as Tim Hortons among others," he said.At existing, the team operates thirty three shops of Tim Hortons and also intends to take the complete establishment matter to 250. It plans to grow Aldo coming from 69 outlets to 150, R&B from 35 shops to 200, and incorporate 200 additional outlets of Crocs." Over the upcoming 6 months, our experts additionally intend to offer 2 new F&B companies in India - Sushi Public Library as well as Allo Beirut," he said." Our company are actually regularly on the lookout for the voids in the sector be it worth retail, or global brands in vogue as well as footwear," he additionally added.Currently, India provides 10 percent of the income of the general group which is actually valued at $2.2 billion and the provider intends to take India's portion to 25 percent in the upcoming 3 years." At present, footwear, charm, F&B, as well as worth portion are the best-performing types for our team below in India," he asserted.For R&B, the company sources one hundred percent of the raw components from India for India outlets and also 60 per cent for the stores in the Gulf." Currently, our team are sourcing most of our raw materials for the label Aldo coming from India, and in a year's opportunity, we will definitely likewise begin transporting it to other nations around the globe," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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