.Dubai-based Garments Group, which started its quest in 1996 in Dubai as well as grew its own existence to India in 2001, is considering to wager significant on the Indian market. It is aiming to open up 750 brand new shops in the next 3 years, Nilesh Ved, co-founder, Garments Team informed ETRetail in an unique interaction.At present, the provider possesses 85 companies and 2,200 retail stores throughout 14 countries. It currently runs 17 brand names and 250 outlets in 38 urban areas of India." Our team observe the range of growth for each of our brand names like Bath & Body Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At found, the group works thirty three stores of Tim Hortons and also prepares to take the overall store count to 250. It prepares to grow Aldo from 69 shops to 150, R&B coming from 35 shops to 200, as well as add 200 additional establishments of Crocs." Over the next 6 months, our experts likewise organize to offer 2 brand new F&B brand names in India - Sushi Public Library as well as Allo Beirut," he mentioned." Our company are actually always in search of the spaces in the sector be it value retail, or worldwide companies in fashion and shoes," he even further added.Currently, India adds 10 per-cent of the revenue of the total team which is valued at $2.2 billion and also the provider organizes to take India's share to 25 per cent in the next 3 years." Currently, shoes, appeal, F&B, as well as value section are the best-performing categories for our team listed below in India," he asserted.For R&B, the company sources 100 per cent of the uncooked materials from India for India establishments and 60 percent for the establishments in the Gulf of mexico." Presently, our experts are sourcing a lot of our raw materials for the label Aldo coming from India, and also in a year's opportunity, our experts will likewise start transporting it to various other countries around the world," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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