.Dubai-based Clothing Group, which started its own adventure in 1996 in Dubai as well as grew its presence to India in 2001, is considering to bet big on the Indian market. It is actually striving to open 750 brand-new retail stores in the following 3 years, Nilesh Ved, co-founder, Apparel Team said to ETRetail in an unique interaction.At found, the firm possesses 85 companies and 2,200 establishments all over 14 nations. It currently works 17 labels as well as 250 shops in 38 cities of India." Our team see the scope of development for each of our labels like Shower & Physical Body Functions, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the group runs 33 retail stores of Tim Hortons and considers to take the total retail store matter to 250. It organizes to grow Aldo from 69 outlets to 150, R&B from 35 outlets to 200, as well as incorporate 200 additional outlets of Crocs." Over the next 6 months, our team additionally plan to offer 2 new F&B brand names in India - Sushi Public Library and also Allo Beirut," he mentioned." Our experts're consistently in search of the gaps in the market be it value retail, or even international brand names in vogue and footwear," he additionally added.Currently, India contributes 10 per-cent of the earnings of the total team which is actually valued at $2.2 billion and also the firm plans to take India's reveal to 25 per-cent in the next three years." Currently, shoes, appeal, F&B, and value sector are actually the best-performing groups for us right here in India," he asserted.For R&B, the business resources 100 per cent of the uncooked materials coming from India for India stores as well as 60 per-cent for the stores in the Gulf of mexico." Presently, our company are sourcing many of our resources for the label Aldo coming from India, and also in a year's opportunity, our experts will definitely likewise start transporting it to other countries internationally," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
Sign up with the area of 2M+ industry professionals.Sign up for our newsletter to obtain latest insights & study.
Download ETRetail App.Get Realtime updates.Save your favorite posts.
Check to download and install App.