.Dubai-based Garments Group, which started its own journey in 1996 in Dubai and also expanded its own visibility to India in 2001, is actually considering to wager big on the Indian market. It is actually intending to open 750 brand-new retail stores in the following three years, Nilesh Ved, co-founder, Clothing Group said to ETRetail in an exclusive interaction.At found, the company takes pride in 85 brand names and also 2,200 shops all over 14 nations. It presently runs 17 brand names as well as 250 outlets in 38 cities of India." Our team find the range of development for each and every of our companies like Bathtub & Body System Functions, Aldo, Crocs, and Tim Hortons among others," he said.At found, the group runs 33 stores of Tim Hortons and also organizes to take the complete shop matter to 250. It plans to increase Aldo from 69 retail stores to 150, R&B from 35 outlets to 200, and also add 200 more retail stores of Crocs." Over the following 6 months, our team additionally plan to present 2 brand-new F&B brands in India - Sushi Collection and Allo Beirut," he stated." Our experts're always looking for the voids in the industry be it value retail, or international brand names in fashion and footwear," he even further added.Currently, India contributes 10 per cent of the profits of the overall team which is actually valued at $2.2 billion and the provider considers to take India's portion to 25 per-cent in the following three years." Nowadays, footwear, beauty, F&B, and value portion are the best-performing classifications for us listed here in India," he asserted.For R&B, the company sources 100 percent of the uncooked components from India for India retail stores and 60 per cent for the retail stores in the Gulf of mexico." Presently, our experts are actually sourcing the majority of our raw materials for the brand Aldo from India, and also in a year's opportunity, our team are going to additionally begin transporting it to various other nations globally," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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