.Dubai-based Apparel Group, which began its adventure in 1996 in Dubai and grew its presence to India in 2001, is planning to wager significant on the Indian market. It is aiming to open up 750 brand-new establishments in the upcoming 3 years, Nilesh Ved, founder, Apparel Group informed ETRetail in an unique interaction.At existing, the business shows off 85 brand names and 2,200 establishments all over 14 countries. It presently runs 17 brands and also 250 retail stores in 38 metropolitan areas of India." Our experts find the scope of growth for each and every of our labels like Bathroom & Body Functions, Aldo, Crocs, and Tim Hortons among others," he said.At present, the group works thirty three establishments of Tim Hortons and also organizes to take the complete store matter to 250. It intends to increase Aldo coming from 69 outlets to 150, R&B coming from 35 retail stores to 200, as well as incorporate 200 even more establishments of Crocs." Over the following six months, our team also intend to present 2 brand-new F&B brand names in India - Sushi Collection and Allo Beirut," he pointed out." Our experts are actually constantly in search of the voids in the industry be it value retail, or even worldwide brand names in vogue as well as shoes," he even further added.Currently, India contributes 10 per cent of the profits of the total team which is actually valued at $2.2 billion and the firm prepares to take India's share to 25 percent in the upcoming three years." Presently, footwear, elegance, F&B, and also value portion are actually the best-performing groups for our team listed below in India," he asserted.For R&B, the firm sources 100 per cent of the uncooked components coming from India for India outlets as well as 60 percent for the retail stores in the Gulf of mexico." Presently, our experts are sourcing a lot of our resources for the brand name Aldo coming from India, and in a year's time, our company are going to additionally begin shipping it to other countries globally," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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