.Dubai-based Clothing Group, which began its quest in 1996 in Dubai and also extended its own presence to India in 2001, is actually organizing to wager significant on the Indian market. It is intending to open 750 brand-new retail stores in the upcoming three years, Nilesh Ved, founder, Apparel Team told ETRetail in a special interaction.At current, the provider possesses 85 companies and also 2,200 outlets all over 14 countries. It currently operates 17 labels and also 250 establishments in 38 urban areas of India." Our team view the scope of growth for every of our brands like Bathroom & Physical Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the team works thirty three retail stores of Tim Hortons and prepares to take the overall outlet matter to 250. It organizes to expand Aldo from 69 stores to 150, R&B coming from 35 outlets to 200, and add 200 additional shops of Crocs." Over the upcoming 6 months, we also prepare to introduce 2 brand-new F&B brands in India - Sushi Collection and also Allo Beirut," he stated." Our company're always on the lookout for the spaces in the field be it value retail, or global brands in fashion as well as footwear," he even more added.Currently, India contributes 10 percent of the revenue of the overall group which is actually valued at $2.2 billion as well as the firm organizes to take India's share to 25 per cent in the following three years." At present, shoes, charm, F&B, and also worth section are the best-performing groups for our team here in India," he asserted.For R&B, the firm sources 100 per-cent of the uncooked components coming from India for India shops and also 60 percent for the establishments in the Gulf of mexico." Currently, we are actually sourcing many of our resources for the brand name Aldo from India, and in a year's opportunity, our company will definitely likewise begin shipping it to other countries internationally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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