.Dubai-based Garments Team, which began its own journey in 1996 in Dubai and also expanded its visibility to India in 2001, is actually considering to bet major on the Indian market. It is striving to open up 750 brand-new retail stores in the upcoming three years, Nilesh Ved, co-founder, Clothing Team told ETRetail in an exclusive interaction.At current, the business shows off 85 companies and 2,200 stores around 14 countries. It presently works 17 brands as well as 250 shops in 38 metropolitan areas of India." We view the extent of growth for each and every of our labels like Bathroom & Body Works, Aldo, Crocs, and Tim Hortons to name a few," he said.At found, the team functions 33 outlets of Tim Hortons and organizes to take the total shop count to 250. It prepares to extend Aldo from 69 establishments to 150, R&B from 35 retail stores to 200, as well as include 200 more stores of Crocs." Over the next 6 months, our company likewise organize to introduce 2 brand new F&B labels in India - Sushi Collection and Allo Beirut," he said." Our company're consistently on the lookout for the voids in the business be it market value retail, or even worldwide brands in vogue and also footwear," he better added.Currently, India contributes 10 per cent of the earnings of the general group which is actually valued at $2.2 billion and the provider organizes to take India's reveal to 25 per-cent in the upcoming 3 years." Nowadays, footwear, beauty, F&B, and also worth portion are actually the best-performing categories for us right here in India," he asserted.For R&B, the provider resources 100 percent of the uncooked products coming from India for India retail stores and also 60 per cent for the outlets in the Gulf." Presently, our experts are actually sourcing many of our basic materials for the label Aldo coming from India, and in a year's opportunity, we are going to likewise begin exporting it to various other nations globally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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