.Dubai-based Apparel Team, which started its journey in 1996 in Dubai as well as increased its existence to India in 2001, is actually preparing to bet major on the Indian market. It is actually striving to open 750 new retail stores in the upcoming three years, Nilesh Ved, founder, Garments Team said to ETRetail in an unique interaction.At current, the company takes pride in 85 companies and also 2,200 stores all over 14 countries. It presently functions 17 brand names and also 250 outlets in 38 cities of India." Our experts view the extent of development for each and every of our labels like Bathroom & Body System Performs, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the team works 33 retail stores of Tim Hortons and also intends to take the total store count to 250. It prepares to grow Aldo from 69 establishments to 150, R&B coming from 35 stores to 200, and also include 200 additional retail stores of Crocs." Over the next six months, our experts also consider to launch 2 brand new F&B companies in India - Sushi Library and Allo Beirut," he pointed out." Our company're always on the lookout for the gaps in the industry be it worth retail, or even worldwide labels in fashion and footwear," he further added.Currently, India adds 10 percent of the revenue of the total group which is valued at $2.2 billion as well as the firm intends to take India's portion to 25 per-cent in the upcoming three years." Presently, footwear, elegance, F&B, as well as market value sector are the best-performing types for our company listed here in India," he asserted.For R&B, the company resources one hundred per cent of the uncooked materials coming from India for India establishments and also 60 per-cent for the establishments in the Gulf." Presently, our team are actually sourcing a lot of our resources for the company Aldo from India, and also in a year's time, we will certainly likewise begin shipping it to other countries worldwide," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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