.Dubai-based Apparel Team, which began its own journey in 1996 in Dubai and also increased its own existence to India in 2001, is actually intending to wager big on the Indian market. It is actually intending to open 750 brand new outlets in the upcoming three years, Nilesh Ved, co-founder, Clothing Team said to ETRetail in a special interaction.At existing, the company boasts of 85 companies and also 2,200 shops across 14 nations. It presently runs 17 brands and 250 establishments in 38 areas of India." We see the range of development for each of our companies like Shower & Body Functions, Aldo, Crocs, as well as Tim Hortons among others," he said.At current, the group works 33 retail stores of Tim Hortons and considers to take the overall store matter to 250. It intends to expand Aldo coming from 69 establishments to 150, R&B from 35 stores to 200, and also add 200 additional stores of Crocs." Over the upcoming six months, our company likewise organize to launch 2 brand-new F&B brands in India - Sushi Public Library as well as Allo Beirut," he pointed out." We're regularly in search of the spaces in the industry be it value retail, or even global companies in vogue and shoes," he further added.Currently, India provides 10 percent of the earnings of the total group which is valued at $2.2 billion and also the business plans to take India's allotment to 25 percent in the next 3 years." Presently, footwear, charm, F&B, as well as value segment are actually the best-performing categories for our team listed here in India," he asserted.For R&B, the firm sources one hundred percent of the raw components coming from India for India stores and also 60 per-cent for the retail stores in the Gulf." Presently, our team are actually sourcing most of our raw materials for the label Aldo coming from India, and also in a year's time, we will additionally start exporting it to other countries around the globe," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
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