.Dubai-based Garments Team, which started its own journey in 1996 in Dubai as well as extended its presence to India in 2001, is actually planning to wager big on the Indian market. It is actually striving to open 750 brand new retail stores in the following 3 years, Nilesh Ved, co-founder, Clothing Team said to ETRetail in an exclusive interaction.At existing, the firm possesses 85 brands as well as 2,200 establishments all over 14 countries. It currently works 17 brands as well as 250 outlets in 38 areas of India." We observe the extent of growth for each and every of our labels like Bath & Body Functions, Aldo, Crocs, and also Tim Hortons among others," he said.At existing, the group runs 33 stores of Tim Hortons and also considers to take the total shop count to 250. It organizes to extend Aldo coming from 69 establishments to 150, R&B from 35 outlets to 200, and include 200 more shops of Crocs." Over the following 6 months, we also organize to present 2 brand new F&B brand names in India - Sushi Public Library and also Allo Beirut," he said." Our company are actually constantly in search of the voids in the market be it worth retail, or even international brands in vogue and footwear," he further added.Currently, India adds 10 per-cent of the earnings of the general team which is valued at $2.2 billion and the provider plans to take India's reveal to 25 per cent in the upcoming 3 years." Today, shoes, elegance, F&B, and market value segment are actually the best-performing groups for us right here in India," he asserted.For R&B, the business resources 100 percent of the raw products from India for India establishments and 60 per-cent for the outlets in the Gulf." Currently, our experts are actually sourcing most of our raw materials for the label Aldo coming from India, and in a year's time, our team will definitely also begin exporting it to other nations around the world," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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