.Dubai-based Apparel Team, which began its trip in 1996 in Dubai as well as extended its own visibility to India in 2001, is planning to wager significant on the Indian market. It is aiming to open up 750 brand-new retail stores in the upcoming three years, Nilesh Ved, founder, Apparel Team said to ETRetail in an exclusive interaction.At found, the business shows off 85 brand names and also 2,200 stores throughout 14 nations. It presently runs 17 labels and also 250 retail stores in 38 cities of India." Our team see the extent of development for each and every of our brands like Bath & Body System Performs, Aldo, Crocs, and Tim Hortons among others," he said.At existing, the team works thirty three establishments of Tim Hortons and also organizes to take the total retail store count to 250. It considers to extend Aldo from 69 outlets to 150, R&B from 35 establishments to 200, as well as include 200 even more shops of Crocs." Over the following six months, our team also plan to launch 2 new F&B companies in India - Sushi Collection as well as Allo Beirut," he pointed out." We're constantly looking for the gaps in the market be it value retail, or worldwide companies in fashion as well as shoes," he further added.Currently, India provides 10 percent of the profits of the general group which is valued at $2.2 billion and also the company organizes to take India's portion to 25 per-cent in the upcoming three years." Presently, shoes, beauty, F&B, as well as worth segment are actually the best-performing groups for us below in India," he asserted.For R&B, the company sources one hundred per cent of the raw components from India for India retail stores and 60 percent for the outlets in the Gulf of mexico." Presently, we are actually sourcing many of our raw materials for the company Aldo coming from India, as well as in a year's time, our team will additionally begin exporting it to various other nations internationally," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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