.Dubai-based Clothing Group, which started its own trip in 1996 in Dubai and also expanded its existence to India in 2001, is actually planning to bet large on the Indian market. It is intending to open up 750 brand-new shops in the following 3 years, Nilesh Ved, founder, Clothing Team said to ETRetail in an exclusive interaction.At existing, the business boasts of 85 labels and 2,200 establishments across 14 nations. It presently runs 17 brands and 250 outlets in 38 cities of India." We observe the extent of development for each and every of our labels like Bath & Physical Body Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At present, the team functions 33 shops of Tim Hortons and also plans to take the total store matter to 250. It plans to increase Aldo from 69 retail stores to 150, R&B from 35 retail stores to 200, and include 200 even more retail stores of Crocs." Over the following 6 months, our company also organize to launch 2 new F&B labels in India - Sushi Public Library and also Allo Beirut," he claimed." We're constantly looking for the spaces in the business be it worth retail, or international labels in vogue and footwear," he better added.Currently, India provides 10 per cent of the profits of the general group which is actually valued at $2.2 billion and also the company intends to take India's allotment to 25 per cent in the following 3 years." At present, footwear, charm, F&B, and value segment are actually the best-performing groups for us listed here in India," he asserted.For R&B, the company sources one hundred per cent of the raw materials coming from India for India shops and 60 per cent for the shops in the Gulf of mexico." Currently, we are actually sourcing the majority of our resources for the brand Aldo coming from India, as well as in a year's opportunity, we are going to additionally start shipping it to other countries internationally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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