.Dubai-based Garments Team, which began its own quest in 1996 in Dubai and increased its own presence to India in 2001, is organizing to bet major on the Indian market. It is aiming to open up 750 brand new outlets in the upcoming three years, Nilesh Ved, founder, Garments Group told ETRetail in a special interaction.At existing, the firm possesses 85 companies and 2,200 establishments all over 14 countries. It presently functions 17 brand names and 250 retail stores in 38 areas of India." Our team see the range of growth for each and every of our brand names like Bath & Body Works, Aldo, Crocs, and also Tim Hortons among others," he said.At current, the group operates thirty three establishments of Tim Hortons as well as prepares to take the total retail store matter to 250. It prepares to grow Aldo from 69 retail stores to 150, R&B from 35 outlets to 200, and also include 200 even more shops of Crocs." Over the next 6 months, we also organize to offer 2 new F&B companies in India - Sushi Collection and also Allo Beirut," he mentioned." Our company are actually consistently on the lookout for the gaps in the market be it value retail, or international companies in vogue as well as footwear," he even further added.Currently, India contributes 10 per-cent of the income of the general group which is actually valued at $2.2 billion as well as the firm plans to take India's allotment to 25 percent in the upcoming 3 years." Currently, footwear, beauty, F&B, and worth sector are actually the best-performing categories for our company right here in India," he asserted.For R&B, the firm resources 100 percent of the raw materials from India for India establishments and 60 percent for the stores in the Gulf." Presently, our team are sourcing a lot of our resources for the brand Aldo from India, and in a year's time, our team will also start shipping it to various other nations around the world," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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