.Dubai-based Garments Group, which began its journey in 1996 in Dubai and expanded its own existence to India in 2001, is considering to wager significant on the Indian market. It is actually targeting to open up 750 new retail stores in the next 3 years, Nilesh Ved, founder, Apparel Group informed ETRetail in a special interaction.At current, the firm shows off 85 labels and 2,200 shops all over 14 nations. It presently operates 17 companies and 250 outlets in 38 areas of India." Our experts see the scope of growth for each and every of our labels like Shower & Body System Functions, Aldo, Crocs, and also Tim Hortons among others," he said.At present, the group functions thirty three shops of Tim Hortons and considers to take the total shop count to 250. It intends to extend Aldo coming from 69 stores to 150, R&B coming from 35 outlets to 200, as well as incorporate 200 even more retail stores of Crocs." Over the following six months, our company also prepare to present 2 brand-new F&B brands in India - Sushi Collection and also Allo Beirut," he pointed out." Our company are actually consistently in search of the voids in the business be it market value retail, or worldwide labels in vogue and footwear," he even further added.Currently, India provides 10 per cent of the revenue of the general team which is actually valued at $2.2 billion as well as the provider organizes to take India's portion to 25 percent in the next three years." Nowadays, shoes, charm, F&B, and also value section are actually the best-performing classifications for our company listed below in India," he asserted.For R&B, the provider resources one hundred per cent of the raw products from India for India shops and 60 per cent for the stores in the Gulf." Currently, we are sourcing many of our basic materials for the company Aldo coming from India, and also in a year's time, our team will also begin exporting it to various other nations worldwide," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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