.Dubai-based Garments Group, which started its own experience in 1996 in Dubai and also grew its visibility to India in 2001, is planning to wager significant on the Indian market. It is striving to open 750 brand new stores in the next three years, Nilesh Ved, co-founder, Garments Team informed ETRetail in an exclusive interaction.At current, the provider takes pride in 85 companies and also 2,200 retail stores throughout 14 countries. It presently functions 17 brand names and 250 establishments in 38 areas of India." Our team view the extent of development for every of our labels like Bath & Body System Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the team operates thirty three stores of Tim Hortons and also plans to take the overall establishment count to 250. It considers to extend Aldo coming from 69 retail stores to 150, R&B from 35 shops to 200, as well as include 200 additional retail stores of Crocs." Over the upcoming 6 months, we likewise intend to introduce 2 brand-new F&B brands in India - Sushi Collection and also Allo Beirut," he mentioned." We are actually constantly in search of the gaps in the field be it value retail, or even worldwide brands in fashion as well as footwear," he further added.Currently, India contributes 10 per-cent of the earnings of the total group which is valued at $2.2 billion and also the company prepares to take India's portion to 25 percent in the next three years." Nowadays, shoes, beauty, F&B, and also worth sector are the best-performing classifications for our company here in India," he asserted.For R&B, the firm resources 100 per-cent of the fresh materials coming from India for India shops and also 60 per-cent for the shops in the Gulf." Currently, our experts are actually sourcing the majority of our raw materials for the label Aldo coming from India, as well as in a year's time, we are going to likewise start shipping it to other countries around the world," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
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