.Dubai-based Garments Team, which started its quest in 1996 in Dubai and broadened its own visibility to India in 2001, is intending to bet large on the Indian market. It is actually targeting to open up 750 brand-new stores in the next 3 years, Nilesh Ved, founder, Clothing Group told ETRetail in a special interaction.At present, the business shows off 85 brand names and 2,200 shops around 14 countries. It currently runs 17 labels and 250 outlets in 38 cities of India." Our team see the extent of expansion for each and every of our brands like Shower & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At existing, the team works thirty three outlets of Tim Hortons and prepares to take the complete establishment count to 250. It intends to expand Aldo from 69 shops to 150, R&B coming from 35 establishments to 200, and also incorporate 200 additional stores of Crocs." Over the next six months, our experts likewise prepare to offer 2 new F&B brand names in India - Sushi Collection as well as Allo Beirut," he pointed out." We're constantly looking for the gaps in the field be it value retail, or even global brands in fashion and also shoes," he better added.Currently, India provides 10 per cent of the income of the total group which is actually valued at $2.2 billion and also the firm prepares to take India's allotment to 25 percent in the upcoming 3 years." At present, footwear, appeal, F&B, as well as value portion are actually the best-performing categories for our company below in India," he asserted.For R&B, the firm sources 100 per cent of the fresh components coming from India for India retail stores and 60 percent for the establishments in the Gulf." Currently, our team are sourcing many of our basic materials for the company Aldo from India, as well as in a year's opportunity, our experts are going to additionally begin transporting it to other countries around the world," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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