.Dubai-based Apparel Team, which started its own journey in 1996 in Dubai and broadened its presence to India in 2001, is preparing to bet large on the Indian market. It is actually targeting to open 750 brand-new retail stores in the upcoming 3 years, Nilesh Ved, founder, Apparel Team told ETRetail in an exclusive interaction.At current, the company boasts of 85 brand names and also 2,200 retail stores throughout 14 countries. It presently functions 17 brand names as well as 250 stores in 38 areas of India." Our company observe the extent of growth for each and every of our brands like Bathtub & Physical Body Performs, Aldo, Crocs, as well as Tim Hortons to name a few," he said.At found, the team operates 33 retail stores of Tim Hortons and also organizes to take the complete establishment count to 250. It intends to extend Aldo coming from 69 stores to 150, R&B coming from 35 outlets to 200, and also include 200 additional shops of Crocs." Over the next six months, our company additionally plan to launch 2 new F&B labels in India - Sushi Collection and also Allo Beirut," he mentioned." We're regularly looking for the voids in the field be it worth retail, or even worldwide brand names in fashion as well as footwear," he even further added.Currently, India adds 10 per-cent of the revenue of the general group which is actually valued at $2.2 billion and also the provider considers to take India's reveal to 25 percent in the following 3 years." Nowadays, footwear, charm, F&B, and also market value section are the best-performing categories for us listed here in India," he asserted.For R&B, the business resources one hundred per cent of the fresh components coming from India for India establishments as well as 60 per cent for the outlets in the Gulf." Presently, our company are actually sourcing most of our resources for the label Aldo from India, and in a year's opportunity, our experts will additionally start exporting it to other countries internationally," he ended.
Posted On Aug 31, 2024 at 01:32 PM IST.
Sign up with the community of 2M+ business experts.Sign up for our e-newsletter to acquire most up-to-date ideas & study.
Install ETRetail Application.Get Realtime updates.Save your preferred articles.
Scan to install App.