.Dubai-based Clothing Group, which started its own quest in 1996 in Dubai and also extended its own visibility to India in 2001, is actually intending to wager big on the Indian market. It is aiming to open 750 new stores in the next three years, Nilesh Ved, co-founder, Clothing Team told ETRetail in a special interaction.At current, the company boasts of 85 companies and 2,200 establishments throughout 14 nations. It presently operates 17 brands and also 250 stores in 38 urban areas of India." Our experts see the scope of development for each and every of our labels like Shower & Body System Functions, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the group functions 33 establishments of Tim Hortons as well as prepares to take the complete store matter to 250. It intends to grow Aldo coming from 69 shops to 150, R&B coming from 35 retail stores to 200, and also add 200 additional outlets of Crocs." Over the following 6 months, our team also organize to launch 2 brand-new F&B companies in India - Sushi Collection as well as Allo Beirut," he mentioned." Our team are actually always looking for the gaps in the market be it market value retail, or international brand names in vogue and also footwear," he better added.Currently, India contributes 10 per cent of the income of the total group which is valued at $2.2 billion and the firm considers to take India's portion to 25 per cent in the following three years." Today, shoes, elegance, F&B, and value section are actually the best-performing types for our team right here in India," he asserted.For R&B, the business sources 100 per-cent of the fresh materials coming from India for India establishments and also 60 per-cent for the shops in the Gulf." Currently, our company are actually sourcing a lot of our resources for the brand Aldo coming from India, and also in a year's time, we will definitely likewise start exporting it to other countries worldwide," he concluded.
Released On Aug 31, 2024 at 01:32 PM IST.
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