.Dubai-based Apparel Team, which started its adventure in 1996 in Dubai and extended its visibility to India in 2001, is organizing to bet significant on the Indian market. It is actually targeting to open up 750 brand new retail stores in the upcoming 3 years, Nilesh Ved, co-founder, Apparel Group told ETRetail in a special interaction.At present, the company boasts of 85 brands and 2,200 stores across 14 nations. It currently runs 17 brands and 250 stores in 38 metropolitan areas of India.” Our team see the extent of expansion for each of our brand names like Bathroom & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons among others,” he said.At existing, the team functions thirty three shops of Tim Hortons and also plans to take the complete shop count to 250.
It considers to increase Aldo coming from 69 shops to 150, R&B coming from 35 establishments to 200, as well as include 200 more shops of Crocs.” Over the next six months, our experts also intend to introduce 2 brand-new F&B labels in India – Sushi Library and Allo Beirut,” he stated.” Our company are actually constantly looking for the gaps in the field be it worth retail, or international labels in fashion as well as shoes,” he further added.Currently, India adds 10 per-cent of the profits of the total team which is valued at $2.2 billion and also the business organizes to take India’s share to 25 per-cent in the upcoming three years.” Presently, shoes, elegance, F&B, and value portion are actually the best-performing types for our company here in India,” he asserted.For R&B, the business resources 100 per-cent of the fresh products from India for India retail stores as well as 60 per-cent for the retail stores in the Gulf of mexico.” Currently, our company are sourcing the majority of our raw materials for the brand Aldo from India, as well as in a year’s opportunity, our experts will also begin exporting it to other countries around the world,” he wrapped up. Released On Aug 31, 2024 at 01:32 PM IST. Participate in the neighborhood of 2M+ market specialists.Subscribe to our newsletter to obtain most up-to-date ideas & analysis.
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