.Dubai-based Garments Group, which started its quest in 1996 in Dubai and grew its own existence to India in 2001, is actually considering to wager major on the Indian market. It is targeting to open up 750 new retail stores in the upcoming three years, Nilesh Ved, co-founder, Garments Team informed ETRetail in a special interaction.At present, the company possesses 85 labels and 2,200 outlets around 14 countries. It presently operates 17 brand names and 250 retail stores in 38 areas of India." Our team find the scope of growth for every of our brands like Bathtub & Body System Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the team operates thirty three outlets of Tim Hortons as well as prepares to take the total outlet count to 250. It considers to extend Aldo coming from 69 stores to 150, R&B coming from 35 retail stores to 200, as well as incorporate 200 even more shops of Crocs." Over the next six months, we also plan to launch 2 new F&B companies in India - Sushi Library and Allo Beirut," he stated." Our company are actually always on the lookout for the voids in the market be it market value retail, or even international companies in vogue and also footwear," he even more added.Currently, India provides 10 per cent of the revenue of the general group which is valued at $2.2 billion as well as the company considers to take India's reveal to 25 per cent in the next 3 years." Presently, shoes, charm, F&B, and market value segment are actually the best-performing types for our company below in India," he asserted.For R&B, the firm resources 100 per cent of the fresh materials from India for India shops and also 60 percent for the establishments in the Gulf." Currently, our experts are sourcing a lot of our resources for the brand name Aldo from India, and also in a year's time, our experts will certainly also start shipping it to various other countries around the world," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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