.Dubai-based Garments Team, which started its own trip in 1996 in Dubai and also expanded its existence to India in 2001, is planning to bet significant on the Indian market. It is actually striving to open up 750 brand new stores in the upcoming 3 years, Nilesh Ved, founder, Apparel Team told ETRetail in a special interaction.At found, the company takes pride in 85 brand names and also 2,200 shops throughout 14 countries. It currently functions 17 companies and also 250 stores in 38 metropolitan areas of India." Our experts view the scope of development for every of our brand names like Shower & Body System Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the group functions thirty three stores of Tim Hortons as well as intends to take the complete shop count to 250. It prepares to increase Aldo coming from 69 shops to 150, R&B coming from 35 establishments to 200, as well as add 200 even more establishments of Crocs." Over the next six months, our company also prepare to introduce 2 new F&B brand names in India - Sushi Collection as well as Allo Beirut," he said." Our experts're regularly looking for the voids in the market be it worth retail, or even international brands in vogue as well as shoes," he even further added.Currently, India adds 10 per cent of the income of the overall team which is valued at $2.2 billion and also the business plans to take India's reveal to 25 percent in the upcoming 3 years." At present, shoes, elegance, F&B, and also value sector are actually the best-performing classifications for our company below in India," he asserted.For R&B, the firm resources one hundred percent of the raw components coming from India for India shops as well as 60 per cent for the retail stores in the Gulf of mexico." Presently, our team are actually sourcing the majority of our raw materials for the company Aldo coming from India, and also in a year's opportunity, our experts will definitely also start exporting it to various other countries worldwide," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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