.Dubai-based Apparel Group, which began its own adventure in 1996 in Dubai as well as expanded its own presence to India in 2001, is actually intending to wager major on the Indian market. It is actually intending to open 750 new retail stores in the next 3 years, Nilesh Ved, founder, Garments Group told ETRetail in an exclusive interaction.At found, the provider takes pride in 85 companies and 2,200 stores throughout 14 countries. It currently operates 17 labels and also 250 stores in 38 cities of India." Our experts see the scope of growth for every of our brand names like Bathtub & Physical Body Works, Aldo, Crocs, and Tim Hortons among others," he said.At found, the team works thirty three outlets of Tim Hortons and prepares to take the overall shop matter to 250. It prepares to increase Aldo coming from 69 outlets to 150, R&B coming from 35 retail stores to 200, and add 200 more establishments of Crocs." Over the following 6 months, our experts likewise intend to introduce 2 new F&B companies in India - Sushi Collection and Allo Beirut," he claimed." Our team're consistently on the lookout for the gaps in the sector be it value retail, or global brands in vogue as well as footwear," he even further added.Currently, India adds 10 percent of the income of the general group which is valued at $2.2 billion as well as the firm prepares to take India's share to 25 per-cent in the upcoming 3 years." Currently, footwear, appeal, F&B, and market value segment are actually the best-performing groups for us listed here in India," he asserted.For R&B, the business sources 100 per-cent of the uncooked materials from India for India shops and also 60 per cent for the shops in the Gulf of mexico." Currently, our team are sourcing most of our raw materials for the company Aldo coming from India, as well as in a year's time, our company will also start transporting it to various other nations around the globe," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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