.Dubai-based Garments Group, which started its own trip in 1996 in Dubai and also grew its presence to India in 2001, is actually intending to bet significant on the Indian market. It is actually targeting to open up 750 brand new establishments in the upcoming three years, Nilesh Ved, founder, Garments Team told ETRetail in a special interaction.At found, the business takes pride in 85 companies as well as 2,200 outlets across 14 nations. It presently operates 17 labels and also 250 stores in 38 metropolitan areas of India." We observe the range of expansion for each of our labels like Bath & Body Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At current, the team operates thirty three outlets of Tim Hortons and also prepares to take the complete outlet count to 250. It prepares to broaden Aldo from 69 shops to 150, R&B coming from 35 stores to 200, and incorporate 200 even more retail stores of Crocs." Over the upcoming six months, our team likewise prepare to introduce 2 new F&B brand names in India - Sushi Collection and Allo Beirut," he claimed." Our company're always in search of the spaces in the business be it value retail, or even international brands in vogue and footwear," he additionally added.Currently, India contributes 10 per-cent 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 per cent in the next three years." At present, footwear, beauty, F&B, and also market value section are the best-performing categories for our team listed here in India," he asserted.For R&B, the company sources 100 per-cent of the fresh components coming from India for India establishments and also 60 per-cent for the establishments in the Gulf of mexico." Presently, our team are sourcing most of our resources for the brand Aldo from India, as well as in a year's opportunity, our team are going to also begin transporting it to various other countries around the world," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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