.Dubai-based Garments Team, which started its adventure in 1996 in Dubai as well as expanded its presence to India in 2001, is actually organizing to wager major on the Indian market. It is aiming to open up 750 brand new retail stores in the following 3 years, Nilesh Ved, founder, Apparel Team informed ETRetail in an exclusive interaction.At current, the business boasts of 85 companies as well as 2,200 shops throughout 14 nations. It currently operates 17 labels and 250 shops in 38 areas of India." We observe the extent of growth for every of our companies like Bath & Body System Works, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the team operates 33 shops of Tim Hortons as well as organizes to take the overall outlet matter to 250. It organizes to grow Aldo coming from 69 shops to 150, R&B coming from 35 stores to 200, as well as incorporate 200 additional shops of Crocs." Over the next six months, we also organize to launch 2 new F&B brands in India - Sushi Collection and also Allo Beirut," he mentioned." Our company are actually constantly on the lookout for the spaces in the field be it worth retail, or international labels in vogue as well as shoes," he further added.Currently, India adds 10 per-cent of the revenue of the overall group which is valued at $2.2 billion as well as the company intends to take India's portion to 25 percent in the next 3 years." At present, shoes, beauty, F&B, and worth section are actually the best-performing classifications for our company here in India," he asserted.For R&B, the provider sources one hundred per-cent of the raw materials coming from India for India stores and also 60 per cent for the retail stores in the Gulf of mexico." Currently, our company are actually sourcing many of our basic materials for the company Aldo coming from India, and also in a year's time, our team are going to also start shipping it to various other countries around the globe," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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