.Dubai-based Apparel Group, which began its adventure in 1996 in Dubai as well as broadened its visibility to India in 2001, is preparing to wager large on the Indian market. It is actually striving to open up 750 brand new outlets in the following 3 years, Nilesh Ved, founder, Apparel Team told ETRetail in an exclusive interaction.At existing, the business shows off 85 brands as well as 2,200 retail stores all over 14 countries. It currently works 17 brand names and also 250 shops in 38 metropolitan areas of India." Our company see the extent of growth for every of our brands like Bath & Body System Functions, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group operates 33 stores of Tim Hortons and plans to take the overall retail store matter to 250. It organizes to expand Aldo from 69 stores to 150, R&B from 35 stores to 200, and incorporate 200 additional outlets of Crocs." Over the following six months, our experts likewise prepare to present 2 new F&B brands in India - Sushi Collection and also Allo Beirut," he mentioned." Our experts are actually regularly on the lookout for the gaps in the sector be it worth retail, or even international brands in fashion and shoes," he even further added.Currently, India provides 10 percent of the revenue of the total team which is actually valued at $2.2 billion and the business intends to take India's share to 25 percent in the following three years." Nowadays, footwear, charm, F&B, and also worth sector are actually the best-performing types for our company listed below in India," he asserted.For R&B, the provider resources 100 per cent of the fresh materials from India for India stores and also 60 percent for the shops in the Gulf." Presently, our company are actually sourcing the majority of our resources for the brand name Aldo coming from India, and in a year's opportunity, we will certainly additionally begin exporting it to various other countries internationally," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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