.Dubai-based Garments Group, which began its own experience in 1996 in Dubai and also expanded its existence to India in 2001, is actually planning to bet large on the Indian market. It is actually aiming to open 750 new stores in the following three years, Nilesh Ved, founder, Clothing Group said to ETRetail in an exclusive interaction.At existing, the company shows off 85 companies and 2,200 outlets throughout 14 nations. It currently runs 17 companies and also 250 establishments in 38 areas of India." We observe the extent of growth for each of our brand names like Bathtub & Body Performs, Aldo, Crocs, and also Tim Hortons among others," he said.At present, the group operates thirty three shops of Tim Hortons and also intends to take the overall store count to 250. It intends to extend Aldo from 69 shops to 150, R&B coming from 35 outlets to 200, as well as add 200 more retail stores of Crocs." Over the next six months, our team also prepare to offer 2 brand new F&B companies in India - Sushi Public Library and Allo Beirut," he pointed out." We are actually consistently looking for the gaps in the field be it worth retail, or even international brands in vogue and footwear," he even more added.Currently, India adds 10 percent of the revenue of the overall team which is actually valued at $2.2 billion and also the company organizes to take India's reveal to 25 percent in the following 3 years." At present, footwear, beauty, F&B, and worth portion are the best-performing categories for our company here in India," he asserted.For R&B, the business sources one hundred per-cent of the raw components from India for India retail stores and also 60 per cent for the establishments in the Gulf of mexico." Presently, our team are sourcing most of our resources for the label Aldo coming from India, and also in a year's opportunity, our experts will definitely additionally start exporting it to various other nations worldwide," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Participate in the community of 2M+ industry professionals.Register for our bulletin to receive most current insights & study.
Download ETRetail App.Get Realtime updates.Spare your favourite articles.
Check to install Application.