.Dubai-based Clothing Team, which began its own experience in 1996 in Dubai as well as extended its existence to India in 2001, is actually organizing to wager significant on the Indian market. It is actually aiming to open 750 brand-new establishments in the following three years, Nilesh Ved, co-founder, Clothing Team told ETRetail in an exclusive interaction.At present, the company possesses 85 companies and also 2,200 outlets around 14 nations. It currently operates 17 labels as well as 250 establishments in 38 metropolitan areas of India." Our experts view the extent of growth for each and every of our labels like Shower & Body System Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At present, the team operates thirty three retail stores of Tim Hortons and also considers to take the total shop matter to 250. It prepares to extend Aldo from 69 establishments to 150, R&B coming from 35 outlets to 200, and also include 200 even more shops of Crocs." Over the next 6 months, our team likewise prepare to introduce 2 brand new F&B brand names in India - Sushi Library as well as Allo Beirut," he said." Our experts are actually constantly looking for the voids in the sector be it value retail, or even international brand names in fashion and also footwear," he further added.Currently, India contributes 10 percent of the profits of the total team which is actually valued at $2.2 billion and also the firm prepares to take India's portion to 25 per cent in the next three years." At present, footwear, appeal, F&B, and market value sector are the best-performing classifications for us right here in India," he asserted.For R&B, the provider sources 100 percent of the raw components coming from India for India retail stores as well as 60 per-cent for the stores in the Gulf of mexico." Currently, we are sourcing the majority of our basic materials for the company Aldo coming from India, and in a year's time, we will certainly additionally begin exporting it to other countries around the globe," he concluded.
Posted On Aug 31, 2024 at 01:32 PM IST.
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