.Dubai-based Apparel Team, which started its journey in 1996 in Dubai and also grew its existence to India in 2001, is planning to bet large on the Indian market. It is actually striving to open 750 new stores in the following 3 years, Nilesh Ved, founder, Apparel Group said to ETRetail in an exclusive interaction.At existing, the business possesses 85 brands as well as 2,200 stores across 14 nations. It presently runs 17 companies as well as 250 outlets in 38 areas of India." We observe the scope of growth for every of our brands like Bathtub & Body Functions, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At present, the group runs thirty three shops of Tim Hortons as well as prepares to take the total outlet matter to 250. It plans to grow Aldo coming from 69 retail stores to 150, R&B coming from 35 outlets to 200, and include 200 more establishments of Crocs." Over the upcoming six months, our team also consider to present 2 brand new F&B labels in India - Sushi Collection and also Allo Beirut," he pointed out." Our experts're constantly on the lookout for the voids in the market be it market value retail, or even worldwide brand names in vogue as well as shoes," he better added.Currently, India provides 10 per cent of the revenue of the general group which is valued at $2.2 billion and the company organizes to take India's allotment to 25 per-cent in the following three years." Presently, shoes, appeal, F&B, as well as worth sector are the best-performing categories for our team here in India," he asserted.For R&B, the firm resources 100 per cent of the uncooked materials coming from India for India outlets and 60 per cent for the stores in the Gulf of mexico." Currently, we are actually sourcing most of our raw materials for the brand Aldo from India, and in a year's opportunity, we are going to additionally start exporting it to various other nations around the globe," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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