.Dubai-based Garments Group, which started its own adventure in 1996 in Dubai as well as extended its visibility to India in 2001, is intending to bet huge on the Indian market. It is actually striving to open 750 brand-new shops in the upcoming three years, Nilesh Ved, founder, Garments Team informed ETRetail in an unique interaction.At present, the provider boasts of 85 companies and also 2,200 shops all over 14 countries. It presently runs 17 companies and 250 stores in 38 cities of India.” Our team see the scope of expansion for every of our brands like Bathtub & Body Functions, Aldo, Crocs, and Tim Hortons among others,” he said.At existing, the group functions thirty three shops of Tim Hortons and also prepares to take the complete outlet count to 250.
It intends to increase Aldo from 69 outlets to 150, R&B from 35 shops to 200, and also include 200 additional outlets of Crocs.” Over the upcoming six months, our company also organize to launch 2 new F&B companies in India – Sushi Public Library and also Allo Beirut,” he mentioned.” Our company are actually regularly on the lookout for the gaps in the business be it value retail, or international brand names in vogue and shoes,” he additionally added.Currently, India adds 10 percent of the revenue of the total team which is actually valued at $2.2 billion as well as the business prepares to take India’s reveal to 25 per-cent in the upcoming three years.” Currently, footwear, charm, F&B, and worth section are the best-performing classifications for our team here in India,” he asserted.For R&B, the business sources 100 per cent of the raw products from India for India outlets and also 60 per-cent for the establishments in the Gulf of mexico.” Presently, our company are sourcing most of our resources for the label Aldo from India, and in a year’s time, we are going to also start exporting it to other nations around the globe,” he wrapped up. Published On Aug 31, 2024 at 01:32 PM IST. Participate in the area of 2M+ market experts.Subscribe to our newsletter to get newest knowledge & study.
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