.Dubai-based Garments Team, which started its trip in 1996 in Dubai and extended its own presence to India in 2001, is planning to bet significant on the Indian market. It is striving to open 750 new retail stores in the next 3 years, Nilesh Ved, founder, Garments Team told ETRetail in a special interaction.At current, the business takes pride in 85 companies and also 2,200 shops across 14 countries. It presently runs 17 brand names as well as 250 outlets in 38 areas of India." Our experts view the extent of development for each and every of our brands like Bathtub & Physical Body Works, Aldo, Crocs, and also Tim Hortons among others," he said.At existing, the team runs 33 establishments of Tim Hortons as well as organizes to take the complete outlet count to 250. It intends to expand Aldo coming from 69 retail stores to 150, R&B coming from 35 outlets to 200, and also incorporate 200 even more retail stores of Crocs." Over the following six months, we likewise consider to offer 2 new F&B companies in India - Sushi Public Library and Allo Beirut," he claimed." Our company're regularly on the lookout for the spaces in the sector be it market value retail, or even worldwide labels in fashion and also shoes," he better added.Currently, India provides 10 percent of the profits of the general team which is actually valued at $2.2 billion and also the business organizes to take India's reveal to 25 per-cent in the next 3 years." At present, footwear, beauty, F&B, as well as market value segment are actually the best-performing groups for our team listed here in India," he asserted.For R&B, the business sources 100 per-cent of the fresh components from India for India stores and 60 per-cent for the shops in the Gulf of mexico." Currently, we are sourcing a lot of our raw materials for the brand name Aldo from India, as well as in a year's time, we are going to likewise start shipping it to other nations worldwide," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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