.Dubai-based Clothing Team, which started its trip in 1996 in Dubai as well as grew its own presence to India in 2001, is organizing to wager huge on the Indian market. It is actually intending to open 750 new outlets in the following three years, Nilesh Ved, founder, Apparel Group told ETRetail in an unique interaction.At present, the company shows off 85 brand names and 2,200 outlets around 14 countries. It presently works 17 companies and also 250 stores in 38 areas of India." Our experts see the scope of development for each and every of our labels like Bath & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the team operates 33 stores of Tim Hortons and plans to take the complete retail store matter to 250. It plans to increase Aldo from 69 outlets to 150, R&B from 35 retail stores to 200, and include 200 additional stores of Crocs." Over the following 6 months, our experts likewise consider to introduce 2 brand new F&B brand names in India - Sushi Collection and Allo Beirut," he said." Our company are actually regularly on the lookout for the spaces in the industry be it value retail, or international labels in vogue and also shoes," he even more added.Currently, India adds 10 per-cent of the earnings of the overall group which is actually valued at $2.2 billion and the provider prepares to take India's portion to 25 percent in the upcoming three years." Nowadays, shoes, beauty, F&B, as well as value section are the best-performing types for us here in India," he asserted.For R&B, the business sources 100 per-cent of the raw materials from India for India shops and also 60 per-cent for the retail stores in the Gulf." Currently, our experts are actually sourcing a lot of our raw materials for the label Aldo coming from India, as well as in a year's opportunity, our team will definitely likewise begin exporting it to various other nations worldwide," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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