.Dubai-based Apparel Group, which started its journey in 1996 in Dubai as well as broadened its presence to India in 2001, is preparing to wager huge on the Indian market. It is actually striving to open up 750 brand-new establishments in the upcoming 3 years, Nilesh Ved, founder, Apparel Team said to ETRetail in an unique interaction.At current, the company boasts of 85 brand names and 2,200 stores across 14 nations. It presently runs 17 labels and 250 establishments in 38 cities of India." Our team see the range of expansion for each and every of our companies like Bathtub & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group operates 33 establishments of Tim Hortons and also plans to take the total store count to 250. It plans to extend Aldo coming from 69 retail stores to 150, R&B from 35 retail stores to 200, and also add 200 more retail stores of Crocs." Over the following 6 months, we also prepare to offer 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he mentioned." We're constantly looking for the spaces in the business be it worth retail, or even worldwide brand names in vogue and shoes," he even further added.Currently, India contributes 10 per cent of the revenue of the general team which is actually valued at $2.2 billion and the company prepares to take India's share to 25 per cent in the upcoming 3 years." Today, footwear, elegance, F&B, and value segment are the best-performing groups for us here in India," he asserted.For R&B, the provider sources one hundred per-cent of the raw products from India for India shops as well as 60 per cent for the retail stores in the Gulf." Currently, we are actually sourcing a lot of our basic materials for the brand Aldo coming from India, and also in a year's opportunity, our team will definitely additionally begin exporting it to other countries worldwide," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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