.Dubai-based Garments Group, which started its own journey in 1996 in Dubai as well as grew its presence to India in 2001, is preparing to bet significant on the Indian market. It is intending to open up 750 new retail stores in the next three years, Nilesh Ved, co-founder, Garments Team told ETRetail in a special interaction.At existing, the business shows off 85 brand names and also 2,200 stores all over 14 nations. It presently works 17 labels as well as 250 retail stores in 38 areas of India." Our company see the scope of development for each and every of our brands like Shower & Body Works, Aldo, Crocs, and Tim Hortons among others," he said.At present, the group functions thirty three retail stores of Tim Hortons as well as plans to take the complete shop count to 250. It plans to increase Aldo coming from 69 shops to 150, R&B coming from 35 stores to 200, and include 200 even more establishments of Crocs." Over the following six months, we additionally organize to launch 2 brand new F&B companies in India - Sushi Collection as well as Allo Beirut," he said." Our company are actually always looking for the spaces in the business be it market value retail, or even global brand names in vogue and shoes," he better added.Currently, India contributes 10 per cent of the income of the total team which is valued at $2.2 billion and the business prepares to take India's share to 25 per-cent in the upcoming 3 years." Today, shoes, appeal, F&B, and also market value sector are actually the best-performing types for our company right here in India," he asserted.For R&B, the firm resources 100 per cent of the uncooked products coming from India for India outlets as well as 60 per cent for the stores in the Gulf." Currently, our team are actually sourcing the majority of our raw materials for the label Aldo from India, and also in a year's opportunity, our team will definitely additionally begin shipping it to various other countries around the world," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
Sign up with the community of 2M+ business experts.Sign up for our e-newsletter to receive most current ideas & analysis.
Download ETRetail Application.Obtain Realtime updates.Save your favourite short articles.
Scan to download and install App.