.Dubai-based Garments Group, which started its adventure in 1996 in Dubai as well as extended its existence to India in 2001, is considering to bet huge on the Indian market. It is aiming to open up 750 brand new establishments in the upcoming three years, Nilesh Ved, founder, Garments Group informed ETRetail in an unique interaction.At existing, the company takes pride in 85 brand names and 2,200 shops all over 14 countries. It currently operates 17 companies and 250 stores in 38 areas of India.” Our team see the range of expansion for each of our brands like Shower & Body System Works, Aldo, Crocs, and Tim Hortons among others,” he said.At found, the team functions thirty three outlets of Tim Hortons and also organizes to take the overall store count to 250.
It plans to expand Aldo coming from 69 stores to 150, R&B coming from 35 establishments to 200, and incorporate 200 more retail stores of Crocs.” Over the following 6 months, our experts also organize to introduce 2 brand-new F&B labels in India – Sushi Library and Allo Beirut,” he claimed.” Our experts’re constantly in search of the spaces in the field be it value retail, or international companies in fashion and also footwear,” he further added.Currently, India provides 10 percent of the profits of the overall group which is valued at $2.2 billion as well as the provider plans to take India’s share to 25 per cent in the following three years.” Currently, footwear, beauty, F&B, and also value portion are the best-performing categories for our company here in India,” he asserted.For R&B, the provider resources 100 percent of the raw components coming from India for India retail stores as well as 60 per cent for the establishments in the Gulf of mexico.” Presently, our experts are sourcing a lot of our basic materials for the company Aldo from India, as well as in a year’s opportunity, our team will definitely also start transporting it to various other nations around the globe,” he ended. Posted On Aug 31, 2024 at 01:32 PM IST. Participate in the neighborhood of 2M+ field experts.Register for our email list to obtain most up-to-date knowledge & evaluation.
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