.Dubai-based Clothing Group, which began its own journey in 1996 in Dubai as well as increased its presence to India in 2001, is considering to bet significant on the Indian market. It is intending to open 750 new establishments in the following three years, Nilesh Ved, founder, Clothing Team told ETRetail in an unique interaction.At present, the firm possesses 85 brand names and also 2,200 outlets all over 14 nations. It presently functions 17 brand names and 250 shops in 38 cities of India." We find the extent of growth for each and every of our brands like Bathtub & Body Works, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At existing, the group works 33 establishments of Tim Hortons as well as considers to take the total outlet matter to 250. It prepares to increase Aldo coming from 69 stores to 150, R&B from 35 outlets to 200, and incorporate 200 more outlets of Crocs." Over the next 6 months, we also plan to launch 2 brand new F&B companies in India - Sushi Public Library as well as Allo Beirut," he mentioned." We're regularly on the lookout for the voids in the field be it worth retail, or even international brands in vogue and footwear," he additionally added.Currently, India contributes 10 per cent of the revenue of the overall group which is actually valued at $2.2 billion and also the company intends to take India's reveal to 25 percent in the next three years." Currently, shoes, charm, F&B, and also value portion are actually the best-performing categories for us right here in India," he asserted.For R&B, the firm sources one hundred per cent of the fresh components from India for India shops and 60 percent for the shops in the Gulf of mexico." Currently, our experts are sourcing most of our resources for the label Aldo coming from India, as well as in a year's opportunity, our experts will definitely also start exporting it to other countries globally," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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