.Dubai-based Garments Group, which started its journey in 1996 in Dubai and grew its own visibility to India in 2001, is actually considering to bet major on the Indian market. It is targeting to open 750 brand new shops in the following three years, Nilesh Ved, founder, Garments Team informed ETRetail in an exclusive interaction.At found, the company takes pride in 85 companies and 2,200 outlets throughout 14 countries. It presently operates 17 brand names and also 250 establishments in 38 urban areas of India.” Our company find the range of growth for each and every of our brand names like Bathtub & Body System Functions, Aldo, Crocs, as well as Tim Hortons among others,” he said.At current, the team runs thirty three shops of Tim Hortons and also prepares to take the overall retail store matter to 250.
It organizes to extend Aldo from 69 shops to 150, R&B coming from 35 shops to 200, as well as include 200 additional shops of Crocs.” Over the next six months, our experts likewise prepare to introduce 2 new F&B brand names in India – Sushi Public Library and also Allo Beirut,” he said.” We are actually regularly on the lookout for the spaces in the business be it value retail, or international companies in vogue and footwear,” he better added.Currently, India provides 10 per-cent of the earnings of the total team which is valued at $2.2 billion and also the business organizes to take India’s share to 25 percent in the next 3 years.” Presently, footwear, charm, F&B, as well as worth sector are actually the best-performing categories for our company here in India,” he asserted.For R&B, the firm sources 100 per cent of the raw products from India for India shops as well as 60 per cent for the establishments in the Gulf.” Presently, our company are sourcing many of our basic materials for the brand Aldo coming from India, and also in a year’s opportunity, our experts will additionally begin exporting it to other countries around the globe,” he concluded. Released On Aug 31, 2024 at 01:32 PM IST. Join the neighborhood of 2M+ sector specialists.Sign up for our newsletter to receive most current ideas & analysis.
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