.Dubai-based Apparel Team, which started its own experience in 1996 in Dubai and grew its own presence to India in 2001, is intending to bet large on the Indian market. It is actually targeting to open 750 brand new shops in the next 3 years, Nilesh Ved, founder, Garments Team said to ETRetail in a special interaction.At existing, the firm shows off 85 brand names and also 2,200 retail stores around 14 nations. It presently functions 17 brand names and 250 stores in 38 metropolitan areas of India." Our experts see the extent of growth for each of our brands like Bathroom & Body Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the team operates 33 shops of Tim Hortons and plans to take the total shop count to 250. It plans to grow Aldo from 69 stores to 150, R&B from 35 establishments to 200, and incorporate 200 additional shops of Crocs." Over the upcoming 6 months, we also plan to present 2 new F&B brands in India - Sushi Collection and also Allo Beirut," he said." Our experts're always in search of the voids in the market be it value retail, or even worldwide brands in vogue as well as shoes," he even more added.Currently, India contributes 10 percent of the revenue 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." Nowadays, shoes, appeal, F&B, as well as worth section are actually the best-performing classifications for us listed below in India," he asserted.For R&B, the provider sources one hundred percent of the uncooked components coming from India for India stores and also 60 per cent for the outlets in the Gulf of mexico." Presently, our experts are sourcing many of our basic materials for the label Aldo coming from India, and in a year's opportunity, our company will certainly also start transporting it to various other countries around the globe," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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