.Dubai-based Apparel Group, which began its own quest in 1996 in Dubai as well as increased its visibility to India in 2001, is intending to wager large on the Indian market. It is actually striving to open 750 brand new outlets in the following three years, Nilesh Ved, founder, Clothing Team informed ETRetail in a special interaction.At present, the provider boasts of 85 brand names and 2,200 retail stores all over 14 nations. It currently works 17 brands and also 250 stores in 38 cities of India." Our company see the extent of growth for each and every of our brands like Bath & Body Works, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the group works 33 outlets of Tim Hortons as well as prepares to take the complete retail store count to 250. It intends to expand Aldo coming from 69 shops to 150, R&B from 35 shops to 200, as well as add 200 additional stores of Crocs." Over the next 6 months, our team likewise plan to offer 2 brand-new F&B labels in India - Sushi Public Library and Allo Beirut," he claimed." We are actually consistently in search of the spaces in the industry be it worth retail, or global labels in vogue and also shoes," he even further added.Currently, India provides 10 per-cent of the revenue of the general team which is valued at $2.2 billion and also the company considers to take India's share to 25 per cent in the next 3 years." Nowadays, footwear, appeal, F&B, and market value sector are the best-performing categories for us listed here in India," he asserted.For R&B, the company sources 100 per-cent of the fresh products from India for India shops and 60 percent for the stores in the Gulf of mexico." Presently, we are actually sourcing most of our raw materials for the brand name Aldo coming from India, as well as in a year's time, our team are going to additionally start shipping it to other countries internationally," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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