.Dubai-based Clothing Team, which began its own journey in 1996 in Dubai and also extended its existence to India in 2001, is planning to bet big on the Indian market. It is actually striving to open 750 brand new retail stores in the next three years, Nilesh Ved, co-founder, Clothing Group informed ETRetail in an exclusive interaction.At found, the firm possesses 85 companies and 2,200 establishments around 14 nations. It currently works 17 brand names as well as 250 retail stores in 38 cities of India.” Our team find the scope of growth for every of our brand names like Shower & Body Functions, Aldo, Crocs, and also Tim Hortons among others,” he said.At found, the team operates 33 stores of Tim Hortons as well as prepares to take the complete retail store count to 250.
It considers to extend Aldo from 69 stores to 150, R&B from 35 stores to 200, and include 200 even more stores of Crocs.” Over the following 6 months, our experts also consider to introduce 2 brand new F&B brands in India – Sushi Public Library as well as Allo Beirut,” he stated.” Our company are actually consistently in search of the spaces in the market be it worth retail, or global companies in fashion and also shoes,” he even more added.Currently, India provides 10 percent of the revenue of the total team which is valued at $2.2 billion as well as the firm intends to take India’s share to 25 per cent in the upcoming 3 years.” Nowadays, shoes, charm, F&B, and also worth segment are the best-performing types for our company right here in India,” he asserted.For R&B, the company resources one hundred percent of the raw products coming from India for India retail stores as well as 60 percent for the retail stores in the Gulf of mexico.” Currently, our team are sourcing many of our raw materials for the brand name Aldo from India, and also in a year’s time, our team will likewise start exporting it to other nations internationally,” he concluded. Published On Aug 31, 2024 at 01:32 PM IST. Join the neighborhood of 2M+ field specialists.Register for our bulletin to get newest knowledge & analysis.
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