.Dubai-based Clothing Group, which started its trip in 1996 in Dubai as well as broadened its own existence to India in 2001, is preparing to bet huge on the Indian market. It is actually striving to open 750 brand new retail stores in the upcoming 3 years, Nilesh Ved, founder, Clothing Team said to ETRetail in an exclusive interaction.At current, the business shows off 85 brand names and also 2,200 outlets throughout 14 countries. It presently operates 17 brand names and also 250 outlets in 38 areas of India." Our experts find the extent of development for every of our companies like Bath & Physical Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At existing, the team runs 33 shops of Tim Hortons as well as intends to take the overall outlet count to 250. It considers to broaden Aldo coming from 69 establishments to 150, R&B from 35 establishments to 200, and include 200 more retail stores of Crocs." Over the next 6 months, we also organize to launch 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he mentioned." Our team're always on the lookout for the spaces in the business be it worth retail, or even worldwide brand names in fashion and also shoes," he additionally added.Currently, India contributes 10 per-cent of the revenue of the overall group which is actually valued at $2.2 billion and also the company considers to take India's reveal to 25 per cent in the following three years." Presently, shoes, elegance, F&B, as well as market value sector are actually the best-performing categories for our team below in India," he asserted.For R&B, the company sources one hundred per cent of the raw products from India for India outlets and also 60 per cent for the shops in the Gulf." Presently, we are sourcing most of our resources for the brand name Aldo coming from India, as well as in a year's time, our team will definitely likewise begin exporting it to other nations globally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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