.Dubai-based Apparel Team, which began its own adventure in 1996 in Dubai and expanded its presence to India in 2001, is intending to bet major on the Indian market. It is actually aiming to open up 750 new outlets in the following 3 years, Nilesh Ved, founder, Apparel Group told ETRetail in an exclusive interaction.At present, the business shows off 85 brand names and also 2,200 stores throughout 14 countries. It currently functions 17 companies and 250 shops in 38 cities of India.” Our experts find the scope of development for every of our brand names like Bathroom & Body System Works, Aldo, Crocs, and also Tim Hortons among others,” he said.At existing, the group functions 33 outlets of Tim Hortons and also plans to take the total shop count to 250.
It organizes to extend Aldo coming from 69 shops to 150, R&B coming from 35 retail stores to 200, as well as include 200 additional retail stores of Crocs.” Over the next 6 months, we likewise organize to present 2 brand new F&B labels in India – Sushi Public Library and also Allo Beirut,” he stated.” Our company are actually constantly on the lookout for the voids in the market be it market value retail, or global labels in vogue as well as footwear,” he better added.Currently, India adds 10 per cent of the income of the general group which is actually valued at $2.2 billion and also the company intends to take India’s reveal to 25 per cent in the following three years.” Presently, footwear, elegance, F&B, and value section are actually the best-performing groups for our company here in India,” he asserted.For R&B, the provider resources 100 percent of the fresh components from India for India stores and also 60 percent for the establishments in the Gulf of mexico.” Presently, we are actually sourcing most of our resources for the brand Aldo from India, and in a year’s time, our experts are going to additionally start transporting it to various other countries globally,” he concluded. Published On Aug 31, 2024 at 01:32 PM IST. Participate in the neighborhood of 2M+ business experts.Register for our email list to receive most recent insights & analysis.
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