.Dubai-based Garments Group, which started its adventure in 1996 in Dubai and also extended its own presence to India in 2001, is organizing to bet significant on the Indian market. It is actually striving to open up 750 brand-new establishments in the next three years, Nilesh Ved, co-founder, Apparel Group said to ETRetail in a special interaction.At present, the firm takes pride in 85 brands as well as 2,200 stores all over 14 nations. It presently functions 17 labels and also 250 retail stores in 38 metropolitan areas of India." Our team observe the range of development for every of our labels like Shower & Body Works, Aldo, Crocs, and also Tim Hortons among others," he said.At existing, the group works thirty three outlets of Tim Hortons as well as considers to take the total outlet count to 250. It considers to broaden Aldo from 69 shops to 150, R&B from 35 establishments to 200, and incorporate 200 even more outlets of Crocs." Over the following six months, our team likewise intend to launch 2 brand new F&B brand names in India - Sushi Public Library as well as Allo Beirut," he mentioned." We're constantly on the lookout for the spaces in the field be it worth retail, or even international brand names in fashion and also footwear," he further added.Currently, India provides 10 per-cent of the income of the overall team which is valued at $2.2 billion and the company considers to take India's reveal to 25 per-cent in the following 3 years." At present, shoes, charm, F&B, and value portion are the best-performing classifications for our company listed here in India," he asserted.For R&B, the provider sources 100 per cent of the fresh materials coming from India for India retail stores and 60 per-cent for the stores in the Gulf." Presently, our team are actually sourcing the majority of our raw materials for the brand Aldo coming from India, and in a year's time, we will definitely additionally start shipping it to other nations around the globe," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Join the area of 2M+ business professionals.Register for our e-newsletter to acquire most up-to-date ideas & review.
Download And Install ETRetail App.Acquire Realtime updates.Conserve your much-loved articles.
Browse to download App.