.Dubai-based Apparel Team, which began its adventure in 1996 in Dubai and increased its presence to India in 2001, is preparing to bet big on the Indian market. It is aiming to open 750 new establishments in the upcoming three years, Nilesh Ved, co-founder, Apparel Group told ETRetail in a special interaction.At current, the firm shows off 85 labels and 2,200 stores across 14 countries. It currently works 17 brands and 250 stores in 38 metropolitan areas of India." We view the scope of expansion for every of our companies like Shower & Body Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At found, the group functions thirty three retail stores of Tim Hortons as well as intends to take the overall establishment matter to 250. It intends to broaden Aldo from 69 outlets to 150, R&B coming from 35 retail stores to 200, as well as include 200 more outlets of Crocs." Over the next 6 months, our team likewise intend to offer 2 brand new F&B brand names in India - Sushi Public Library and also Allo Beirut," he said." Our company are actually constantly in search of the spaces in the field be it worth retail, or global brand names in fashion as well as shoes," he additionally added.Currently, India provides 10 percent of the revenue of the general team which is actually valued at $2.2 billion and the firm considers to take India's portion to 25 per-cent in the following three years." Currently, shoes, charm, F&B, and also value section are the best-performing categories for our team listed here in India," he asserted.For R&B, the firm resources one hundred per-cent of the raw materials from India for India shops and 60 percent for the outlets in the Gulf of mexico." Currently, our experts are actually sourcing many of our resources for the label Aldo from India, as well as in a year's time, our experts will definitely likewise start exporting it to other countries around the globe," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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