.Dubai-based Clothing Group, which started its journey in 1996 in Dubai as well as expanded its existence to India in 2001, is considering to bet significant on the Indian market. It is intending to open up 750 new stores in the upcoming three years, Nilesh Ved, founder, Garments Group informed ETRetail in an exclusive interaction.At found, the firm shows off 85 companies and 2,200 stores across 14 nations. It presently operates 17 companies and 250 establishments in 38 cities of India." Our team see the range of growth for each of our labels like Bath & Physical Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the group functions thirty three outlets of Tim Hortons and organizes to take the total outlet matter to 250. It organizes to expand Aldo from 69 retail stores to 150, R&B from 35 establishments to 200, as well as include 200 more stores of Crocs." Over the next six months, our company also organize to offer 2 new F&B labels in India - Sushi Collection as well as Allo Beirut," he pointed out." We are actually constantly on the lookout for the spaces in the industry be it worth retail, or even worldwide companies in vogue as well as shoes," he additionally added.Currently, India provides 10 per-cent of the income of the total group which is actually valued at $2.2 billion and also the provider plans to take India's reveal to 25 per cent in the next three years." Nowadays, shoes, elegance, F&B, and also worth portion are actually the best-performing classifications for our company listed below in India," he asserted.For R&B, the firm sources 100 per-cent of the uncooked products coming from India for India establishments and also 60 percent for the establishments in the Gulf." Presently, our experts are actually sourcing most of our resources for the company Aldo coming from India, as well as in a year's time, our company will likewise start transporting it to other nations around the globe," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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