.Dubai-based Apparel Group, which started its quest in 1996 in Dubai as well as broadened its own presence to India in 2001, is actually intending to wager big on the Indian market. It is actually intending to open up 750 brand new retail stores in the following three years, Nilesh Ved, co-founder, Apparel Team told ETRetail in an exclusive interaction.At current, the business shows off 85 brands and 2,200 retail stores around 14 nations. It currently operates 17 brands and also 250 outlets in 38 urban areas of India." We view the extent of growth for each and every of our brand names like Shower & Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the group works thirty three stores of Tim Hortons and also plans to take the complete outlet matter to 250. It considers to expand Aldo from 69 outlets to 150, R&B coming from 35 establishments to 200, as well as include 200 more stores of Crocs." Over the following 6 months, we likewise prepare to introduce 2 new F&B labels in India - Sushi Collection as well as Allo Beirut," he said." Our team're constantly in search of the gaps in the business be it market value retail, or even global companies in vogue and also footwear," he even further added.Currently, India contributes 10 per cent of the profits of the total team which is actually valued at $2.2 billion as well as the company considers to take India's portion to 25 per-cent in the upcoming three years." At present, shoes, charm, F&B, and value segment are the best-performing classifications for our team listed here in India," he asserted.For R&B, the firm sources one hundred percent of the uncooked materials coming from India for India establishments and also 60 percent for the shops in the Gulf of mexico." Presently, we are actually sourcing a lot of our basic materials for the brand name Aldo coming from India, and in a year's time, our experts will certainly likewise begin transporting it to other countries globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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