.Dubai-based Clothing Group, which started its own journey in 1996 in Dubai and also increased its existence to India in 2001, is planning to wager major on the Indian market. It is aiming to open 750 brand new retail stores in the following 3 years, Nilesh Ved, co-founder, Apparel Group said to ETRetail in an unique interaction.At existing, the business shows off 85 companies and also 2,200 stores across 14 nations. It currently runs 17 brands and also 250 shops in 38 areas of India." We see the scope of development for each and every of our brand names like Bathtub & Body System Performs, Aldo, Crocs, and Tim Hortons among others," he said.At present, the team functions thirty three outlets of Tim Hortons and organizes to take the total establishment count to 250. It prepares to broaden Aldo from 69 establishments to 150, R&B from 35 outlets to 200, and also add 200 more outlets of Crocs." Over the following six months, we also intend to offer 2 new F&B brands in India - Sushi Library and also Allo Beirut," he mentioned." Our team're regularly looking for the voids in the field be it worth retail, or international brand names in fashion as well as shoes," he better added.Currently, India adds 10 per-cent of the revenue of the general team which is actually valued at $2.2 billion and also the business prepares to take India's share to 25 per cent in the following 3 years." At present, shoes, appeal, F&B, as well as worth sector are the best-performing groups for our company listed below in India," he asserted.For R&B, the firm resources 100 per-cent of the fresh materials from India for India retail stores and also 60 per-cent for the stores in the Gulf of mexico." Presently, our company are sourcing a lot of our resources for the brand name Aldo coming from India, and also in a year's opportunity, our company will also start exporting it to other nations worldwide," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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