.Dubai-based Garments Group, which started its journey in 1996 in Dubai and also expanded its own visibility to India in 2001, is actually organizing to bet big on the Indian market. It is aiming 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 boasts of 85 brands and 2,200 stores throughout 14 nations. It presently works 17 brand names and 250 stores in 38 metropolitan areas of India." Our company view the range of expansion for each and every of our companies like Bathtub & Body System Functions, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the group functions thirty three establishments of Tim Hortons and organizes to take the total retail store matter to 250. It intends to grow Aldo from 69 shops to 150, R&B coming from 35 stores to 200, and add 200 even more establishments of Crocs." Over the following 6 months, our experts also organize to present 2 new F&B brands in India - Sushi Public Library and also Allo Beirut," he said." We're consistently in search of the spaces in the market be it market value retail, or even international brand names in vogue and shoes," he further added.Currently, India adds 10 per-cent of the profits of the total team which is valued at $2.2 billion and also the company intends to take India's allotment to 25 per cent in the following three years." Nowadays, shoes, elegance, F&B, and value sector are the best-performing types for our company below in India," he asserted.For R&B, the business resources 100 per cent of the uncooked components coming from India for India shops as well as 60 per-cent for the retail stores in the Gulf of mexico." Currently, we are actually sourcing many of our raw materials for the company Aldo coming from India, as well as in a year's opportunity, we are going to likewise begin shipping it to various other countries around the world," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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