.Dubai-based Clothing Group, which began its own trip in 1996 in Dubai and also broadened its own existence to India in 2001, is actually considering to wager huge on the Indian market. It is targeting to open 750 brand-new outlets in the next three years, Nilesh Ved, founder, Clothing Group said to ETRetail in a special interaction.At found, the company possesses 85 labels and also 2,200 stores throughout 14 countries. It presently operates 17 brand names and also 250 stores in 38 urban areas of India." Our company find the range of expansion for every of our brands like Bathroom & Physical Body Works, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the group functions thirty three stores of Tim Hortons and also organizes to take the complete store count to 250. It organizes to increase Aldo coming from 69 outlets to 150, R&B from 35 stores to 200, and add 200 additional shops of Crocs." Over the next six months, we also plan to launch 2 new F&B brand names in India - Sushi Collection and also Allo Beirut," he mentioned." Our team are actually consistently on the lookout for the spaces in the market be it worth retail, or even international brand names in vogue and also footwear," he even further added.Currently, India contributes 10 percent of the revenue of the total team which is actually valued at $2.2 billion as well as the company organizes to take India's share to 25 percent in the upcoming three years." Presently, footwear, charm, F&B, and market value portion are the best-performing categories for us listed below in India," he asserted.For R&B, the company resources one hundred percent of the raw products coming from India for India stores and 60 percent for the stores in the Gulf of mexico." Presently, our experts are sourcing a lot of our resources for the company Aldo from India, and also in a year's time, our team will certainly additionally begin exporting it to various other nations around the world," he wrapped up.
Posted On Aug 31, 2024 at 01:32 PM IST.
Sign up with the area of 2M+ market specialists.Register for our bulletin to receive most up-to-date understandings & review.
Install ETRetail App.Get Realtime updates.Save your preferred write-ups.
Scan to install App.