.Dubai-based Apparel Team, which started its quest in 1996 in Dubai and also broadened its existence to India in 2001, is planning to bet significant on the Indian market. It is actually intending to open up 750 new retail stores in the upcoming three years, Nilesh Ved, co-founder, Clothing Team informed ETRetail in an unique interaction.At found, the provider shows off 85 brand names as well as 2,200 retail stores around 14 nations. It currently operates 17 brand names and 250 establishments in 38 cities of India." Our team view the extent of expansion for each and every of our labels like Shower & Body System Functions, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At current, the group runs thirty three establishments of Tim Hortons as well as organizes to take the complete shop count to 250. It intends to expand Aldo from 69 outlets to 150, R&B coming from 35 shops to 200, and add 200 more outlets of Crocs." Over the following six months, our experts also intend to present 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he pointed out." We're regularly in search of the spaces in the industry be it market value retail, or worldwide labels in fashion and also shoes," he additionally added.Currently, India contributes 10 per cent of the revenue of the total group which is valued at $2.2 billion and the company organizes to take India's allotment to 25 per-cent in the following 3 years." Nowadays, shoes, appeal, F&B, and also market value segment are the best-performing categories for our company here in India," he asserted.For R&B, the firm sources one hundred per-cent of the uncooked materials coming from India for India retail stores and 60 per-cent for the establishments in the Gulf." Currently, we are actually sourcing the majority of our basic materials for the label Aldo coming from India, and in a year's time, our experts are going to also begin shipping it to various other nations globally," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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