.Dubai-based Apparel Group, which started its adventure in 1996 in Dubai and increased its presence to India in 2001, is considering to wager major on the Indian market. It is striving to open up 750 brand-new outlets in the following three years, Nilesh Ved, founder, Apparel Group said to ETRetail in a special interaction.At found, the business shows off 85 companies as well as 2,200 stores around 14 nations. It presently runs 17 brands and also 250 shops in 38 metropolitan areas of India." Our team observe the range of development for each and every of our labels like Bathroom & Body System Works, Aldo, Crocs, as well as Tim Hortons among others," he said.At found, the group operates thirty three retail stores of Tim Hortons and also intends to take the complete establishment count to 250. It intends to increase Aldo from 69 establishments to 150, R&B from 35 retail stores to 200, and also add 200 even more shops of Crocs." Over the upcoming 6 months, our experts additionally intend to launch 2 new F&B brands in India - Sushi Library and also Allo Beirut," he stated." Our company're regularly looking for the spaces in the market be it worth retail, or international brands in vogue as well as footwear," he better added.Currently, India provides 10 per cent of the revenue of the general group which is valued at $2.2 billion and the business considers to take India's reveal to 25 percent in the following three years." At present, shoes, charm, F&B, and market value section are actually the best-performing categories for us listed below in India," he asserted.For R&B, the provider sources 100 per-cent of the uncooked components coming from India for India retail stores and 60 per cent for the outlets in the Gulf." Currently, our experts are sourcing the majority of our basic materials for the brand Aldo from India, and also in a year's time, our experts are going to additionally start exporting it to various other nations around the world," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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