.Dubai-based Apparel Group, which began its journey in 1996 in Dubai and increased its presence to India in 2001, is organizing to bet large on the Indian market. It is actually targeting to open 750 brand-new stores in the upcoming 3 years, Nilesh Ved, founder, Apparel Group informed ETRetail in an unique interaction.At existing, the provider possesses 85 companies and also 2,200 stores all over 14 nations. It presently functions 17 brands as well as 250 establishments in 38 metropolitan areas of India." Our team view the range of development for every of our brands like Shower & Body Functions, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group works thirty three retail stores of Tim Hortons and also considers to take the complete shop count to 250. It plans to increase Aldo coming from 69 stores to 150, R&B coming from 35 outlets to 200, and incorporate 200 even more shops of Crocs." Over the following 6 months, our company also plan to introduce 2 brand new F&B brands in India - Sushi Library and also Allo Beirut," he said." Our team are actually regularly looking for the spaces in the industry be it worth retail, or worldwide brands in fashion and also footwear," he further added.Currently, India adds 10 per cent of the income of the general group which is valued at $2.2 billion and the firm considers to take India's share to 25 per cent in the next 3 years." Today, footwear, elegance, F&B, as well as worth segment are actually the best-performing classifications for us listed below in India," he asserted.For R&B, the business resources 100 per cent of the fresh products from India for India retail stores as well as 60 per cent for the retail stores in the Gulf." Presently, we are sourcing a lot of our raw materials for the company Aldo from India, and also in a year's time, we will additionally begin transporting it to various other countries internationally," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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