.Dubai-based Garments Group, which started its own adventure in 1996 in Dubai and expanded its own existence to India in 2001, is planning to wager major on the Indian market. It is targeting to open up 750 brand-new establishments in the next 3 years, Nilesh Ved, co-founder, Clothing Group told ETRetail in a special interaction.At present, the firm shows off 85 brands as well as 2,200 retail stores throughout 14 countries. It currently works 17 companies as well as 250 stores in 38 areas of India." Our team view the extent of expansion for each and every of our labels like Bathroom & Body Works, Aldo, Crocs, and Tim Hortons among others," he said.At present, the group runs 33 outlets of Tim Hortons and also considers to take the overall store count to 250. It plans to extend Aldo coming from 69 retail stores to 150, R&B from 35 establishments to 200, as well as add 200 even more outlets of Crocs." Over the next six months, our experts likewise consider to introduce 2 new F&B brands in India - Sushi Collection and also Allo Beirut," he mentioned." Our team are actually constantly on the lookout for the gaps in the business be it worth retail, or international companies in fashion as well as footwear," he even further added.Currently, India contributes 10 per-cent of the revenue of the general team which is actually valued at $2.2 billion and also the business plans to take India's share to 25 percent in the following three years." Presently, footwear, appeal, F&B, as well as market value segment are the best-performing groups for us listed below in India," he asserted.For R&B, the business sources 100 percent of the uncooked materials coming from India for India establishments and 60 percent for the shops in the Gulf." Presently, our experts are sourcing the majority of our basic materials for the label Aldo coming from India, and in a year's time, we will definitely additionally begin transporting it to other nations worldwide," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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