.Dubai-based Clothing Team, which began its own journey in 1996 in Dubai and extended its own existence to India in 2001, is planning to bet major on the Indian market. It is actually striving to open 750 new shops in the next 3 years, Nilesh Ved, founder, Garments Group told ETRetail in an unique interaction.At present, the company boasts of 85 brands as well as 2,200 stores around 14 countries. It presently works 17 companies and 250 stores in 38 areas of India." Our team observe the extent of development for each of our brand names like Shower & Body Functions, Aldo, Crocs, and also Tim Hortons among others," he said.At current, the group works 33 establishments of Tim Hortons and plans to take the overall establishment matter to 250. It considers to grow Aldo coming from 69 outlets to 150, R&B coming from 35 shops to 200, as well as add 200 additional establishments of Crocs." Over the upcoming 6 months, our team likewise plan to present 2 brand new F&B companies in India - Sushi Collection and also Allo Beirut," he mentioned." Our team are actually always in search of the gaps in the business be it market value retail, or even global brand names in fashion and shoes," he even more added.Currently, India adds 10 per cent of the earnings of the total team which is actually valued at $2.2 billion and also the business plans to take India's reveal to 25 percent in the upcoming 3 years." At present, shoes, beauty, F&B, and worth section are actually the best-performing classifications for our team here in India," he asserted.For R&B, the firm sources 100 per cent of the fresh products coming from India for India shops and 60 percent for the stores in the Gulf." Currently, our experts are actually sourcing the majority of our resources for the brand name Aldo coming from India, as well as in a year's time, our company will likewise begin transporting it to various other countries internationally," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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