.Dubai-based Apparel Team, which began its adventure in 1996 in Dubai as well as grew its visibility to India in 2001, is considering to bet large on the Indian market. It is actually targeting to open 750 brand new retail stores in the upcoming three years, Nilesh Ved, founder, Clothing Group said to ETRetail in an unique interaction.At found, the provider boasts of 85 companies and also 2,200 stores throughout 14 countries. It currently works 17 brands and 250 shops in 38 metropolitan areas of India." Our experts find the range of expansion for each and every of our brands like Bathtub & Body System Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At present, the group operates thirty three retail stores of Tim Hortons as well as intends to take the overall shop count to 250. It prepares to broaden Aldo coming from 69 outlets to 150, R&B coming from 35 shops to 200, and incorporate 200 more establishments of Crocs." Over the upcoming six months, our experts additionally plan to offer 2 new F&B brands in India - Sushi Collection as well as Allo Beirut," he said." Our experts're consistently on the lookout for the spaces in the business be it value retail, or global brand names in fashion and also footwear," he further added.Currently, India contributes 10 per cent of the revenue of the total group which is actually valued at $2.2 billion as well as the firm considers to take India's portion to 25 percent in the following three years." Today, shoes, beauty, F&B, and market value sector are the best-performing classifications for our company here in India," he asserted.For R&B, the company resources 100 per-cent of the uncooked materials coming from India for India shops and 60 per cent for the shops in the Gulf of mexico." Presently, our company are actually sourcing a lot of our resources for the brand name Aldo coming from India, and also in a year's time, our team are going to likewise start exporting it to other nations globally," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Sign up with the community of 2M+ field specialists.Register for our bulletin to obtain most recent understandings & review.
Download And Install ETRetail App.Receive Realtime updates.Conserve your much-loved write-ups.
Browse to download Application.