.Dubai-based Apparel Team, which started its quest in 1996 in Dubai and broadened its own presence to India in 2001, is intending to wager significant on the Indian market. It is aiming to open up 750 brand-new stores in the next three years, Nilesh Ved, founder, Clothing Team told ETRetail in an unique interaction.At found, the company takes pride in 85 brand names and 2,200 establishments around 14 countries. It currently operates 17 labels and 250 retail stores in 38 urban areas of India." We see the range of growth for each of our labels like Shower & Body Performs, Aldo, Crocs, and Tim Hortons among others," he said.At current, the group runs 33 stores of Tim Hortons as well as organizes to take the overall retail store count to 250. It considers to grow Aldo coming from 69 establishments to 150, R&B coming from 35 establishments to 200, and also add 200 more shops of Crocs." Over the following six months, our team additionally plan to introduce 2 brand new F&B labels in India - Sushi Collection and also Allo Beirut," he claimed." Our team are actually constantly on the lookout for the voids in the industry be it value retail, or even international labels in fashion and also shoes," he further added.Currently, India contributes 10 percent of the profits of the overall team which is valued at $2.2 billion and also the business intends to take India's portion to 25 per cent in the following three years." Currently, shoes, charm, F&B, and also market value portion are the best-performing classifications for our team here in India," he asserted.For R&B, the company sources 100 percent of the raw products from India for India stores as well as 60 percent for the shops in the Gulf of mexico." Currently, our company are sourcing the majority of our raw materials for the brand name Aldo coming from India, and in a year's time, we will additionally start shipping it to various other nations around the globe," he wrapped up.
Published On Aug 31, 2024 at 01:32 PM IST.
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