.Dubai-based Clothing Team, which began its quest in 1996 in Dubai and extended its visibility to India in 2001, is organizing to wager significant on the Indian market. It is actually striving to open 750 new stores in the next three years, Nilesh Ved, founder, Garments Team said to ETRetail in an exclusive interaction.At existing, the firm shows off 85 labels and also 2,200 outlets around 14 countries. It currently functions 17 brand names and 250 stores in 38 cities of India." Our experts view the scope of growth for each of our companies like Bath & Body Functions, Aldo, Crocs, and Tim Hortons to name a few," he said.At found, the team runs thirty three shops of Tim Hortons and considers to take the complete retail store matter to 250. It plans to extend Aldo coming from 69 retail stores to 150, R&B from 35 outlets to 200, and add 200 even more outlets of Crocs." Over the following 6 months, our experts also organize to launch 2 new F&B brands in India - Sushi Public Library and also Allo Beirut," he pointed out." Our company're regularly looking for the voids in the industry be it market value retail, or even international brand names in fashion and also footwear," he even more added.Currently, India contributes 10 per cent of the revenue of the general team which is actually valued at $2.2 billion and also the firm prepares to take India's reveal to 25 per-cent in the upcoming 3 years." At present, footwear, elegance, F&B, as well as market value portion are actually the best-performing types for our team below in India," he asserted.For R&B, the company sources 100 per cent of the raw components from India for India stores as well as 60 percent for the outlets in the Gulf." Currently, our experts are sourcing a lot of our resources for the company Aldo from India, and also in a year's opportunity, we will definitely also start exporting it to other nations globally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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