.Dubai-based Garments Group, which began its own experience in 1996 in Dubai as well as extended its visibility to India in 2001, is actually considering to bet large on the Indian market. It is striving to open 750 new stores in the following three years, Nilesh Ved, founder, Clothing Group told ETRetail in a special interaction.At found, the provider boasts of 85 brands as well as 2,200 retail stores across 14 nations. It presently operates 17 brand names and 250 establishments in 38 areas of India." Our experts see the scope of development for each and every of our brands like Shower & Body System Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group functions thirty three retail stores of Tim Hortons and also prepares to take the total retail store matter to 250. It prepares to increase Aldo from 69 retail stores to 150, R&B from 35 outlets to 200, and include 200 more stores of Crocs." Over the upcoming six months, our team additionally consider to introduce 2 brand-new F&B brands in India - Sushi Public Library and also Allo Beirut," he said." Our company're always on the lookout for the spaces in the field be it market value retail, or global labels in vogue and shoes," he further added.Currently, India adds 10 per-cent of the profits of the overall group which is valued at $2.2 billion as well as the firm plans to take India's portion to 25 percent in the upcoming 3 years." Currently, shoes, beauty, F&B, and also value portion are actually the best-performing categories for our company listed here in India," he asserted.For R&B, the business resources one hundred per-cent of the fresh components from India for India outlets and also 60 percent for the establishments in the Gulf." Currently, our experts are actually sourcing most of our raw materials for the brand Aldo coming from India, and in a year's opportunity, our team will certainly likewise begin shipping it to various other nations worldwide," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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