.Dubai-based Apparel Group, which started its experience in 1996 in Dubai as well as grew its existence to India in 2001, is actually intending to bet huge on the Indian market. It is aiming to open up 750 brand new retail stores in the following 3 years, Nilesh Ved, co-founder, Apparel Team informed ETRetail in an unique interaction.At found, the firm boasts of 85 brand names and 2,200 stores all over 14 countries. It currently operates 17 labels as well as 250 stores in 38 metropolitan areas of India." Our experts see the extent of development for each and every of our labels like Bath & Body System Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At present, the team works thirty three establishments of Tim Hortons and also intends to take the overall store matter to 250. It intends to expand Aldo from 69 shops to 150, R&B from 35 shops to 200, and incorporate 200 additional stores of Crocs." Over the upcoming 6 months, our company likewise organize to introduce 2 new F&B labels in India - Sushi Public Library as well as Allo Beirut," he stated." Our experts are actually regularly in search of the spaces in the industry be it worth retail, or global companies in vogue as well as shoes," he even further added.Currently, India adds 10 per cent of the revenue of the overall team which is actually valued at $2.2 billion and the firm plans to take India's allotment to 25 per cent in the following 3 years." Currently, footwear, charm, F&B, as well as worth section are the best-performing groups for our team right here in India," he asserted.For R&B, the company resources 100 percent of the raw products coming from India for India establishments as well as 60 per-cent for the shops in the Gulf of mexico." Presently, our experts are sourcing a lot of our basic materials for the label Aldo coming from India, and in a year's time, our team will definitely additionally start exporting it to other countries worldwide," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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