.Dubai-based Apparel Group, which began its own adventure in 1996 in Dubai as well as expanded its visibility to India in 2001, is organizing to bet big on the Indian market. It is actually striving to open up 750 brand-new outlets in the upcoming 3 years, Nilesh Ved, co-founder, Apparel Group said to ETRetail in an exclusive interaction.At existing, the provider possesses 85 brands and 2,200 outlets across 14 countries. It presently operates 17 labels and 250 stores in 38 cities of India." Our company view the range of growth for each of our brand names like Bath & Physical Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At existing, the team operates 33 retail stores of Tim Hortons and also intends to take the complete shop count to 250. It prepares to expand Aldo coming from 69 establishments to 150, R&B from 35 stores to 200, as well as add 200 more retail stores of Crocs." Over the next six months, our team additionally intend to launch 2 brand-new F&B companies in India - Sushi Library and also Allo Beirut," he stated." Our company're consistently looking for the voids in the field be it worth retail, or even international labels in fashion as well as shoes," he further added.Currently, India provides 10 percent of the earnings of the total team which is valued at $2.2 billion and the business plans to take India's portion to 25 per cent in the upcoming 3 years." Currently, footwear, elegance, F&B, as well as value section are the best-performing categories for our team listed below in India," he asserted.For R&B, the provider sources 100 percent of the uncooked products coming from India for India establishments as well as 60 percent for the shops in the Gulf." Presently, our team are actually sourcing many of our raw materials for the company Aldo from India, and in a year's time, our company will definitely likewise begin exporting it to other countries around the globe," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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