.Dubai-based Clothing Group, which started its experience in 1996 in Dubai as well as expanded its own presence to India in 2001, is actually considering to wager large on the Indian market. It is actually intending to open 750 new retail stores in the following 3 years, Nilesh Ved, co-founder, Clothing Team informed ETRetail in an exclusive interaction.At found, the business boasts of 85 labels and 2,200 retail stores all over 14 nations. It presently functions 17 brand names and 250 shops in 38 areas of India." We observe the extent of expansion for each of our brands like Shower & Body System Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At present, the group runs 33 outlets of Tim Hortons and also plans to take the overall outlet matter to 250. It considers to grow Aldo coming from 69 establishments to 150, R&B from 35 outlets to 200, as well as include 200 additional establishments of Crocs." Over the upcoming six months, our company also consider to introduce 2 new F&B brand names in India - Sushi Library as well as Allo Beirut," he said." Our company are actually always in search of the spaces in the market be it worth retail, or even global brands in fashion as well as shoes," he even further added.Currently, India adds 10 per-cent of the income of the general group which is actually valued at $2.2 billion as well as the provider plans to take India's share to 25 percent in the next 3 years." Presently, footwear, beauty, F&B, as well as market value segment are the best-performing groups for our team below in India," he asserted.For R&B, the firm resources 100 per-cent of the uncooked components from India for India shops and also 60 per-cent for the stores in the Gulf of mexico." Currently, our experts are actually sourcing many of our basic materials for the brand name Aldo coming from India, as well as in a year's opportunity, we are going to also begin exporting it to other countries around the globe," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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