.Dubai-based Apparel Team, which started its own journey in 1996 in Dubai and also extended its presence to India in 2001, is actually intending to bet major on the Indian market. It is actually aiming to open 750 brand new shops in the next 3 years, Nilesh Ved, founder, Clothing Group told ETRetail in a special interaction.At current, the company possesses 85 brands and also 2,200 shops throughout 14 nations. It currently functions 17 labels as well as 250 establishments in 38 urban areas of India." Our experts view the scope of growth for each of our labels like Shower & Physical Body Functions, Aldo, Crocs, and also Tim Hortons to name a few," he said.At present, the team operates thirty three stores of Tim Hortons as well as prepares to take the complete outlet count to 250. It intends to expand Aldo coming from 69 retail stores to 150, R&B from 35 outlets to 200, as well as include 200 even more stores of Crocs." Over the next 6 months, our experts also plan to present 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he mentioned." Our team are actually constantly looking for the gaps in the industry be it market value retail, or even international brands in fashion as well as shoes," he even further added.Currently, India provides 10 per cent of the income of the general team which is actually valued at $2.2 billion and also the provider intends to take India's portion to 25 per-cent in the upcoming 3 years." Presently, shoes, appeal, F&B, as well as value portion are the best-performing types for us here in India," he asserted.For R&B, the business resources 100 per cent of the fresh components coming from India for India establishments and 60 percent for the stores in the Gulf of mexico." Currently, our company are actually sourcing the majority of our basic materials for the label Aldo from India, and also in a year's time, we are going to also start transporting it to other countries around the globe," he wrapped up.
Released On Aug 31, 2024 at 01:32 PM IST.
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