.Dubai-based Garments Team, which started its own journey in 1996 in Dubai as well as grew its visibility to India in 2001, is organizing to wager major on the Indian market. It is actually targeting to open up 750 new establishments in the next three years, Nilesh Ved, founder, Apparel Team said to ETRetail in a special interaction.At found, the firm boasts of 85 labels as well as 2,200 establishments throughout 14 nations. It currently runs 17 brand names and also 250 stores in 38 metropolitan areas of India." Our experts see the extent of development for every of our companies like Bathroom & Physical Body Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the team operates thirty three establishments of Tim Hortons and intends to take the overall retail store matter to 250. It intends to broaden Aldo from 69 stores to 150, R&B coming from 35 stores to 200, as well as include 200 more shops of Crocs." Over the upcoming 6 months, our team also consider to launch 2 new F&B brands in India - Sushi Collection and Allo Beirut," he mentioned." Our team are actually always in search of the gaps in the field be it market value retail, or global brand names in fashion and also shoes," he even further added.Currently, India adds 10 per cent of the income of the total group which is actually valued at $2.2 billion and the firm prepares to take India's allotment to 25 per cent in the next 3 years." Currently, shoes, elegance, F&B, and worth sector are actually the best-performing types for us here in India," he asserted.For R&B, the company sources 100 percent of the fresh materials coming from India for India shops and also 60 percent for the retail stores in the Gulf." Currently, our experts are sourcing most of our raw materials for the brand name Aldo from India, as well as in a year's time, our team are going to likewise begin exporting it to various other nations internationally," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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