.Dubai-based Apparel Team, which started its journey in 1996 in Dubai and broadened its own existence to India in 2001, is actually planning to wager huge on the Indian market. It is actually intending to open up 750 new retail stores in the next three years, Nilesh Ved, co-founder, Apparel Team said to ETRetail in an unique interaction.At present, the business shows off 85 labels and also 2,200 stores around 14 countries. It presently operates 17 brands as well as 250 outlets in 38 metropolitan areas of India." Our company observe the range of development for each of our labels like Bathtub & Body System Performs, Aldo, Crocs, as well as Tim Hortons among others," he said.At present, the team runs thirty three retail stores of Tim Hortons and also considers to take the total establishment matter to 250. It intends to expand Aldo coming from 69 shops to 150, R&B from 35 shops to 200, and incorporate 200 more retail stores of Crocs." Over the next six months, our company also plan to present 2 new F&B brands in India - Sushi Public Library as well as Allo Beirut," he claimed." Our team're consistently looking for the gaps in the industry be it market value retail, or even international brands in vogue and also shoes," he further added.Currently, India contributes 10 percent of the revenue of the general group which is valued at $2.2 billion and the company prepares to take India's allotment to 25 percent in the next 3 years." Today, footwear, charm, F&B, as well as market value sector are actually the best-performing groups for our company 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 retail stores and 60 per-cent for the establishments in the Gulf of mexico." Presently, our experts are sourcing the majority of our raw materials for the brand Aldo from India, as well as in a year's time, our company will definitely additionally begin shipping it to various other countries around the world," he concluded.
Published On Aug 31, 2024 at 01:32 PM IST.
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