.Dubai-based Clothing Group, which started its trip in 1996 in Dubai and also extended its existence to India in 2001, is actually considering to wager major on the Indian market. It is actually aiming to open 750 new outlets in the next 3 years, Nilesh Ved, co-founder, Apparel Team said to ETRetail in a special interaction.At found, the company shows off 85 brand names and also 2,200 stores all over 14 nations. It presently works 17 companies and also 250 establishments in 38 areas of India." Our company find the scope of expansion for each of our companies like Shower & Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the team operates thirty three retail stores of Tim Hortons and also intends to take the total store count to 250. It prepares to extend Aldo from 69 shops to 150, R&B from 35 outlets to 200, and also add 200 even more retail stores of Crocs." Over the next six months, our experts additionally consider to introduce 2 brand new F&B brands in India - Sushi Collection and also Allo Beirut," he claimed." Our experts are actually consistently in search of the gaps in the sector be it worth retail, or even worldwide brands in fashion and footwear," he even more added.Currently, India provides 10 percent of the profits of the general team which is actually valued at $2.2 billion and also the business intends to take India's share to 25 per cent in the following 3 years." Currently, footwear, elegance, F&B, and worth segment are actually the best-performing classifications for our company below in India," he asserted.For R&B, the company sources one hundred per cent of the raw components coming from India for India outlets and 60 percent for the stores in the Gulf of mexico." Currently, our experts are sourcing the majority of our resources for the brand name Aldo from India, and in a year's time, our team will also begin transporting it to other countries worldwide," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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