.Dubai-based Apparel Team, which began its own journey in 1996 in Dubai and also grew its own visibility to India in 2001, is preparing to bet major on the Indian market. It is targeting to open 750 brand new stores in the next three years, Nilesh Ved, founder, Apparel Team said to ETRetail in an exclusive interaction.At current, the provider possesses 85 brands as well as 2,200 outlets around 14 countries. It presently runs 17 brands and 250 retail stores in 38 urban areas of India." Our experts observe the range of growth for each and every of our labels like Bath & Body Functions, Aldo, Crocs, and Tim Hortons among others," he said.At existing, the team functions 33 shops of Tim Hortons and also organizes to take the overall outlet count to 250. It intends to extend Aldo from 69 stores to 150, R&B from 35 shops to 200, as well as incorporate 200 even more establishments of Crocs." Over the next 6 months, we also plan to offer 2 brand-new F&B labels in India - Sushi Library as well as Allo Beirut," he said." Our company're always in search of the voids in the sector be it worth retail, or even international brands in fashion and also footwear," he better added.Currently, India adds 10 per-cent of the revenue of the general team which is valued at $2.2 billion and also the provider intends to take India's reveal to 25 percent in the next three years." At present, footwear, beauty, F&B, and also value portion are actually the best-performing classifications for our team listed below in India," he asserted.For R&B, the provider sources one hundred per-cent of the fresh materials from India for India shops as well as 60 per-cent for the shops in the Gulf." Presently, our company are actually sourcing most of our resources for the brand Aldo coming from India, as well as in a year's time, we will additionally start shipping it to various other countries globally," he ended.
Published On Aug 31, 2024 at 01:32 PM IST.
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