.Dubai-based Clothing Group, which started its experience in 1996 in Dubai as well as expanded its presence to India in 2001, is actually preparing to bet major on the Indian market. It is aiming to open up 750 brand new shops in the following three years, Nilesh Ved, co-founder, Clothing Team said to ETRetail in an exclusive interaction.At found, the provider boasts of 85 brands and also 2,200 establishments around 14 nations. It presently operates 17 companies and 250 outlets in 38 cities of India." Our company view the scope of growth for every of our brands like Shower & Body System Functions, Aldo, Crocs, and also Tim Hortons to name a few," he said.At existing, the team functions thirty three shops of Tim Hortons and also plans to take the total retail store matter to 250. It intends to grow Aldo from 69 stores to 150, R&B coming from 35 establishments to 200, as well as add 200 additional stores of Crocs." Over the next 6 months, our company also consider to offer 2 brand new F&B brands in India - Sushi Collection as well as Allo Beirut," he said." We're constantly on the lookout for the spaces in the sector be it market value retail, or international brand names in vogue as well as footwear," he further added.Currently, India contributes 10 per-cent of the income of the general group which is actually valued at $2.2 billion and also the business prepares to take India's share to 25 percent in the upcoming three years." Presently, footwear, appeal, F&B, and also value section are the best-performing categories for us below in India," he asserted.For R&B, the firm sources one hundred per cent of the fresh materials from India for India retail stores and 60 percent for the retail stores in the Gulf." Presently, our team are sourcing many of our raw materials for the company Aldo from India, and also in a year's time, our experts will certainly additionally start transporting it to other nations worldwide," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
Participate in the area of 2M+ market experts.Subscribe to our e-newsletter to obtain most up-to-date knowledge & review.
Install ETRetail Application.Receive Realtime updates.Save your favorite short articles.
Browse to download App.