.Dubai-based Garments Group, which began its adventure in 1996 in Dubai and also increased its visibility to India in 2001, is organizing to wager big on the Indian market. It is targeting to open 750 brand new retail stores in the upcoming three years, Nilesh Ved, founder, Garments Group informed ETRetail in an exclusive interaction.At found, the firm takes pride in 85 labels and 2,200 retail stores all over 14 nations. It currently functions 17 brands and also 250 stores in 38 metropolitan areas of India." Our company view the range of expansion for each of our brand names like Bathroom & Body System Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At found, the group operates thirty three establishments of Tim Hortons and also prepares to take the total retail store matter to 250. It plans to grow Aldo from 69 stores to 150, R&B from 35 establishments to 200, and also include 200 more shops of Crocs." Over the upcoming six months, our company additionally prepare to offer 2 new F&B brands in India - Sushi Public Library as well as Allo Beirut," he pointed out." Our team are actually consistently in search of the spaces in the sector be it worth retail, or even global labels in vogue and shoes," he additionally added.Currently, India adds 10 per cent of the profits of the general group which is valued at $2.2 billion and also the business considers to take India's reveal to 25 percent in the next 3 years." At present, footwear, charm, F&B, and market value segment are the best-performing classifications for our company here in India," he asserted.For R&B, the provider resources one hundred per cent of the uncooked materials from India for India retail stores and 60 per-cent for the stores in the Gulf of mexico." Currently, our team are sourcing most of our raw materials for the company Aldo coming from India, and in a year's opportunity, our team will also start exporting it to other countries internationally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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