.Dubai-based Apparel Group, which started its own trip in 1996 in Dubai and broadened its existence to India in 2001, is considering to wager significant on the Indian market. It is aiming to open up 750 brand new establishments in the following three years, Nilesh Ved, co-founder, Apparel Team informed ETRetail in a special interaction.At existing, the company possesses 85 brands and also 2,200 stores throughout 14 countries. It presently functions 17 brands and also 250 stores in 38 urban areas of India." Our company see the extent of growth for every of our brands like Shower & Body Works, Aldo, Crocs, and Tim Hortons to name a few," he said.At current, the group runs 33 stores of Tim Hortons and also intends to take the overall store matter to 250. It organizes to broaden Aldo from 69 outlets to 150, R&B coming from 35 stores to 200, as well as incorporate 200 more outlets of Crocs." Over the upcoming 6 months, our experts also organize to introduce 2 brand-new F&B labels in India - Sushi Library as well as Allo Beirut," he pointed out." Our experts're regularly in search of the spaces in the business be it worth retail, or global brand names in fashion and also footwear," he even further added.Currently, India adds 10 percent of the profits of the general team which is actually valued at $2.2 billion and also the firm intends to take India's share to 25 per-cent in the following 3 years." Presently, shoes, beauty, F&B, as well as market value section are the best-performing types for our company listed below in India," he asserted.For R&B, the business sources 100 percent of the uncooked materials coming from India for India stores as well as 60 per cent for the stores in the Gulf of mexico." Currently, our team are actually sourcing most of our raw materials for the company Aldo coming from India, as well as in a year's time, our experts are going to likewise start shipping it to other countries globally," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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