.Dubai-based Apparel Group, which started its own experience in 1996 in Dubai and broadened its presence to India in 2001, is actually considering to bet major on the Indian market. It is actually striving to open 750 brand new stores in the upcoming 3 years, Nilesh Ved, founder, Clothing Team said to ETRetail in a special interaction.At existing, the provider shows off 85 companies and 2,200 stores all over 14 nations. It presently operates 17 labels as well as 250 shops in 38 metropolitan areas of India." Our experts find the scope of expansion for each of our brands like Bath & Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At current, the team runs 33 shops of Tim Hortons as well as plans to take the total store count to 250. It plans to broaden Aldo from 69 outlets to 150, R&B coming from 35 outlets to 200, and incorporate 200 more outlets of Crocs." Over the following six months, our company additionally organize to present 2 new F&B brand names in India - Sushi Collection and also Allo Beirut," he said." Our company're regularly on the lookout for the voids in the market be it value retail, or worldwide brand names in vogue and also footwear," he additionally added.Currently, India contributes 10 percent of the revenue of the overall group which is actually valued at $2.2 billion and the company prepares to take India's portion to 25 per cent in the upcoming three years." Presently, shoes, beauty, F&B, as well as worth portion are actually the best-performing types for our company here in India," he asserted.For R&B, the company sources 100 per-cent of the raw products from India for India shops and 60 per cent for the shops in the Gulf." Currently, our experts are actually sourcing most of our raw materials for the label Aldo from India, as well as in a year's opportunity, our company are going to additionally begin exporting it to various other nations globally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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