.Dubai-based Apparel Group, which began its quest in 1996 in Dubai and extended its own visibility to India in 2001, is planning to bet major on the Indian market. It is actually striving to open up 750 brand-new retail stores in the upcoming 3 years, Nilesh Ved, co-founder, Apparel Group informed ETRetail in an unique interaction.At found, the provider shows off 85 brand names as well as 2,200 retail stores across 14 nations. It currently works 17 brands and also 250 shops in 38 areas of India." Our experts find the scope of growth for each of our companies like Bathroom & Body Works, Aldo, Crocs, as well as Tim Hortons among others," he said.At existing, the team runs 33 stores of Tim Hortons and also organizes to take the complete retail store count to 250. It plans to grow Aldo coming from 69 stores to 150, R&B coming from 35 outlets to 200, and add 200 more shops of Crocs." Over the following 6 months, our company additionally intend to offer 2 brand-new F&B brands in India - Sushi Library and Allo Beirut," he stated." Our team are actually constantly on the lookout for the gaps in the sector be it market value retail, or even worldwide brands in vogue and shoes," he even more added.Currently, India provides 10 per-cent of the income of the total team which is actually valued at $2.2 billion and also the provider plans to take India's share to 25 per cent in the next three years." Currently, footwear, beauty, F&B, and value section are actually the best-performing groups for our team right here in India," he asserted.For R&B, the provider sources 100 per cent of the raw materials coming from India for India establishments as well as 60 per-cent for the shops in the Gulf." Presently, our company are actually sourcing most of our raw materials for the brand Aldo from India, as well as in a year's opportunity, our experts will definitely additionally start shipping it to other nations globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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