.Dubai-based Clothing Group, which began its own journey in 1996 in Dubai as well as broadened its presence to India in 2001, is considering to wager major on the Indian market. It is striving to open 750 new stores in the following 3 years, Nilesh Ved, founder, Garments Group told ETRetail in a special interaction.At existing, the company shows off 85 companies as well as 2,200 outlets across 14 nations. It presently functions 17 labels as well as 250 establishments in 38 metropolitan areas of India." Our company see the extent of development for every of our labels like Bathroom & Body Performs, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the group functions 33 shops of Tim Hortons as well as intends to take the total retail store count to 250. It plans to broaden Aldo from 69 shops to 150, R&B from 35 establishments to 200, as well as incorporate 200 even more outlets of Crocs." Over the next six months, we likewise plan to offer 2 brand new F&B labels in India - Sushi Library and also Allo Beirut," he said." Our company are actually constantly in search of the gaps in the industry be it value retail, or international companies in fashion as well as footwear," he additionally added.Currently, India provides 10 percent of the revenue of the overall group which is actually valued at $2.2 billion and also the company organizes to take India's reveal to 25 per-cent in the upcoming three years." Nowadays, footwear, appeal, F&B, as well as market value sector are actually the best-performing types for us below in India," he asserted.For R&B, the company resources 100 per-cent of the uncooked materials coming from India for India retail stores and also 60 percent for the outlets in the Gulf." Presently, we are sourcing many of our raw materials for the company Aldo from India, and also in a year's time, our company are going to likewise start shipping it to other nations globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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