.Dubai-based Apparel Team, which began its own journey in 1996 in Dubai and extended its presence to India in 2001, is organizing to bet significant on the Indian market. It is striving to open up 750 brand-new retail stores in the upcoming 3 years, Nilesh Ved, co-founder, Garments Team told ETRetail in an exclusive interaction.At found, the firm takes pride in 85 brands as well as 2,200 establishments throughout 14 countries. It currently functions 17 brand names as well as 250 retail stores in 38 cities of India." Our experts see the scope of growth for each and every of our brands like Bathroom & Physical Body Functions, Aldo, Crocs, and also Tim Hortons among others," he said.At current, the group operates thirty three establishments of Tim Hortons and also intends to take the overall store matter to 250. It prepares to expand Aldo coming from 69 shops to 150, R&B coming from 35 retail stores to 200, and also add 200 more stores of Crocs." Over the upcoming six months, our experts also prepare to launch 2 new F&B companies in India - Sushi Public Library and also Allo Beirut," he pointed out." Our company're regularly looking for the gaps in the industry be it value retail, or global labels in vogue as well as shoes," he further added.Currently, India provides 10 per cent of the earnings of the total team which is valued at $2.2 billion and the company prepares to take India's portion to 25 per-cent in the next 3 years." Presently, footwear, charm, F&B, and worth segment are actually the best-performing categories for our team below in India," he asserted.For R&B, the business sources one hundred percent of the fresh materials from India for India establishments and also 60 per cent for the retail stores in the Gulf." Currently, we are actually sourcing a lot of our raw materials for the label Aldo coming from India, and also in a year's opportunity, our team will definitely additionally start shipping it to other countries worldwide," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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