.Dubai-based Clothing Group, which began its own quest in 1996 in Dubai and also broadened its own visibility to India in 2001, is actually preparing to bet huge on the Indian market. It is aiming to open 750 new retail stores in the upcoming 3 years, Nilesh Ved, founder, Clothing Team informed ETRetail in an exclusive interaction.At present, the firm possesses 85 brands and 2,200 shops across 14 nations. It currently runs 17 labels as well as 250 stores in 38 metropolitan areas of India." Our team see the range of development for each of our brands like Bathtub & Physical Body Functions, Aldo, Crocs, and Tim Hortons among others," he said.At current, the group operates thirty three retail stores of Tim Hortons as well as plans to take the total store count to 250. It considers to broaden Aldo from 69 outlets to 150, R&B from 35 stores to 200, and incorporate 200 even more shops of Crocs." Over the following 6 months, our company also intend to introduce 2 brand-new F&B brands in India - Sushi Public Library and Allo Beirut," he pointed out." Our company're constantly on the lookout for the voids in the sector be it market value retail, or global brands in vogue and also footwear," he even more added.Currently, India adds 10 per-cent of the earnings of the total team which is actually valued at $2.2 billion and also the provider intends to take India's portion to 25 percent in the next 3 years." Nowadays, footwear, appeal, F&B, and also market value portion are the best-performing groups for our company listed here in India," he asserted.For R&B, the company sources 100 per-cent of the raw products coming from India for India stores and also 60 per cent for the outlets in the Gulf of mexico." Presently, we are sourcing a lot of our raw materials for the label Aldo coming from India, as well as in a year's time, we will certainly likewise begin shipping it to various other countries around the globe," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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