.Dubai-based Garments Team, which started its own quest in 1996 in Dubai and also expanded its own presence to India in 2001, is intending to bet big on the Indian market. It is actually targeting to open up 750 brand-new outlets in the following three years, Nilesh Ved, co-founder, Garments Group told ETRetail in an exclusive interaction.At present, the business boasts of 85 brand names and also 2,200 outlets all over 14 nations. It currently works 17 companies as well as 250 stores in 38 metropolitan areas of India." Our company find the scope of growth for each and every of our brands like Shower & Physical Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At existing, the group functions 33 stores of Tim Hortons and also intends to take the complete shop count to 250. It plans to increase Aldo from 69 shops to 150, R&B from 35 shops to 200, and include 200 additional retail stores of Crocs." Over the upcoming 6 months, our experts likewise plan to launch 2 new F&B companies in India - Sushi Public Library and Allo Beirut," he pointed out." We're consistently on the lookout for the voids in the field be it worth retail, or global brands in fashion as well as footwear," he additionally added.Currently, India contributes 10 percent of the earnings of the overall team which is valued at $2.2 billion and the provider intends to take India's share to 25 per cent in the following three years." Currently, shoes, charm, F&B, as well as market value portion are the best-performing groups for our company right here in India," he asserted.For R&B, the provider sources 100 per cent of the raw components coming from India for India shops and 60 per cent for the retail stores in the Gulf of mexico." Presently, our company are sourcing many of our resources for the brand name Aldo coming from India, and also in a year's time, our experts will likewise begin transporting it to other countries internationally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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