.Dubai-based Garments Group, which started its journey in 1996 in Dubai and also grew its own existence to India in 2001, is actually organizing to bet huge on the Indian market. It is actually aiming to open up 750 brand-new shops in the following three years, Nilesh Ved, co-founder, Garments Group told ETRetail in an exclusive interaction.At present, the company possesses 85 brand names and also 2,200 stores around 14 countries. It currently runs 17 labels and also 250 shops in 38 urban areas of India." We find the scope of development for every of our labels like Bathroom & Physical Body Performs, Aldo, Crocs, and Tim Hortons to name a few," he said.At present, the group works thirty three establishments of Tim Hortons as well as intends to take the complete outlet matter to 250. It intends to grow Aldo coming from 69 establishments to 150, R&B from 35 outlets to 200, and also incorporate 200 more establishments of Crocs." Over the next 6 months, our experts additionally consider to offer 2 brand new F&B labels in India - Sushi Library as well as Allo Beirut," he said." Our company're regularly looking for the spaces in the field be it value retail, or worldwide companies in vogue as well as footwear," he even more added.Currently, India provides 10 per-cent of the earnings of the total team which is valued at $2.2 billion as well as the business intends to take India's portion to 25 per cent in the next three years." Today, footwear, charm, F&B, as well as value portion are the best-performing classifications for our team listed below in India," he asserted.For R&B, the firm sources 100 per cent of the raw products from India for India stores and 60 per-cent for the shops in the Gulf of mexico." Presently, our experts are sourcing most of our raw materials for the brand name Aldo from India, as well as in a year's opportunity, we will also begin transporting it to various other countries internationally," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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