.Dubai-based Apparel Group, which began its own journey in 1996 in Dubai and also broadened its own visibility to India in 2001, is actually preparing to wager huge on the Indian market. It is targeting to open 750 brand new outlets in the upcoming three years, Nilesh Ved, co-founder, Apparel Group told ETRetail in a special interaction.At present, the company possesses 85 brand names and 2,200 stores all over 14 countries. It currently operates 17 brand names as well as 250 retail stores in 38 metropolitan areas of India." Our experts observe the scope of development for each of our brands like Bathroom & Body System Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At found, the team operates thirty three stores of Tim Hortons as well as intends to take the total store matter to 250. It intends to broaden Aldo from 69 establishments to 150, R&B from 35 shops to 200, and include 200 additional shops of Crocs." Over the upcoming 6 months, our experts additionally intend to offer 2 new F&B companies in India - Sushi Public Library and also Allo Beirut," he stated." We're regularly in search of the voids in the market be it value retail, or international labels in fashion as well as shoes," he even further added.Currently, India contributes 10 percent of the revenue of the general team which is actually valued at $2.2 billion as well as the provider organizes to take India's allotment to 25 per-cent in the upcoming three years." Nowadays, footwear, beauty, F&B, as well as market value sector are the best-performing categories for our company here in India," he asserted.For R&B, the business sources one hundred per-cent of the raw materials from India for India shops and also 60 percent for the establishments in the Gulf." Presently, our experts are actually sourcing most of our resources for the brand name Aldo coming from India, and in a year's time, our company are going to also start transporting it to various other nations around the globe," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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