.Dubai-based Clothing Group, which started its adventure in 1996 in Dubai as well as grew its own visibility to India in 2001, is intending to bet big on the Indian market. It is actually striving to open up 750 new outlets in the following 3 years, Nilesh Ved, founder, Apparel Group said to ETRetail in an exclusive interaction.At existing, the firm takes pride in 85 brand names and also 2,200 outlets throughout 14 countries. It currently runs 17 labels as well as 250 establishments in 38 cities of India." We observe the scope of expansion for each and every of our labels like Bathtub & Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the team operates thirty three stores of Tim Hortons and considers to take the complete retail store count to 250. It prepares to expand Aldo from 69 retail stores to 150, R&B from 35 retail stores to 200, and also include 200 more outlets of Crocs." Over the upcoming 6 months, we also organize to launch 2 brand new F&B brands in India - Sushi Library and Allo Beirut," he pointed out." Our team are actually consistently on the lookout for the spaces in the field be it worth retail, or even global brand names in fashion and shoes," he additionally added.Currently, India contributes 10 per-cent of the earnings of the overall group which is actually valued at $2.2 billion and the firm prepares to take India's share to 25 percent in the next 3 years." Today, footwear, beauty, F&B, as well as market value sector are actually the best-performing groups for us here in India," he asserted.For R&B, the business sources one hundred per-cent of the uncooked components coming from India for India establishments and also 60 per cent for the establishments in the Gulf." Presently, our experts are actually sourcing the majority of our resources for the brand name Aldo coming from India, and in a year's time, our experts will additionally begin shipping it to various other nations globally," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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