.Dubai-based Apparel Group, which started its journey in 1996 in Dubai as well as increased its visibility to India in 2001, is preparing to wager big on the Indian market. It is aiming to open up 750 brand new establishments in the upcoming three years, Nilesh Ved, founder, Apparel Group informed ETRetail in an exclusive interaction.At found, the business takes pride in 85 labels and 2,200 outlets around 14 countries. It currently functions 17 brands and 250 establishments in 38 cities of India." Our team view the range of development for every of our brands like Bathtub & Physical Body Functions, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the group operates 33 retail stores of Tim Hortons and also organizes to take the overall establishment count to 250. It considers to expand Aldo coming from 69 establishments to 150, R&B from 35 establishments to 200, and also include 200 more outlets of Crocs." Over the following 6 months, we likewise intend to offer 2 new F&B brand names in India - Sushi Public Library and Allo Beirut," he mentioned." Our experts're always on the lookout for the spaces in the market be it market value retail, or even global brands in fashion and also shoes," he even more added.Currently, India contributes 10 percent of the earnings of the total group which is actually valued at $2.2 billion and the provider intends to take India's reveal to 25 percent in the following three years." Currently, shoes, charm, F&B, and worth segment are the best-performing types for our team listed below in India," he asserted.For R&B, the company resources one hundred per-cent of the uncooked components from India for India outlets and also 60 per-cent for the outlets in the Gulf." Presently, our company are sourcing most of our raw materials for the brand name Aldo from India, as well as in a year's time, our experts will definitely likewise begin transporting it to other nations around the globe," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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