.Dubai-based Garments Group, which began its experience in 1996 in Dubai and expanded its existence to India in 2001, is planning to wager large on the Indian market. It is targeting to open up 750 brand new shops in the upcoming 3 years, Nilesh Ved, founder, Garments Group informed ETRetail in a special interaction.At current, the company takes pride in 85 brands as well as 2,200 retail stores throughout 14 countries. It presently runs 17 companies and also 250 establishments in 38 areas of India." Our company find the extent of development for every of our brands like Bathroom & Body System Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the team operates thirty three retail stores of Tim Hortons and also considers to take the total shop matter to 250. It organizes to increase Aldo from 69 outlets to 150, R&B from 35 establishments to 200, as well as include 200 even more retail stores of Crocs." Over the upcoming six months, our team likewise organize to offer 2 brand new F&B labels in India - Sushi Library and Allo Beirut," he mentioned." Our experts are actually consistently on the lookout for the voids in the field be it value retail, or even worldwide labels in fashion and also footwear," he better added.Currently, India contributes 10 percent of the earnings of the total group which is actually valued at $2.2 billion and also the firm intends to take India's allotment to 25 percent in the next three years." Nowadays, shoes, appeal, F&B, and worth segment are actually the best-performing types for our company here in India," he asserted.For R&B, the company sources 100 per cent of the raw components coming from India for India retail stores and 60 percent for the outlets in the Gulf." Presently, our experts are sourcing a lot of our raw materials for the label Aldo coming from India, and also in a year's time, our experts will certainly likewise start transporting it to various other countries around the world," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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