Dubai-based Apparel Group is exploring an initial public offering for its fast-growing India business as the retail giant seeks to capitalize on rising consumer spending and the strong performance of India’s fashion and lifestyle sector. According to Bloomberg, the company has begun preliminary discussions with advisers about a potential listing that could value its Indian operations at more than $1 billion.
Founded by Nilesh Ved, Apparel Group operates more than 2,300 stores across the Middle East, Africa, and Asia, representing global brands including Skechers, Aldo, Tommy Hilfiger, Charles & Keith, and Beverly Hills Polo Club. India has become one of the group’s fastest-growing markets, supported by rising incomes, urbanization, and growing demand for international fashion brands.
The potential IPO comes as Apparel Group accelerates its expansion across India through both retail and franchise partnerships. The company has also broadened its presence in sectors including beauty, footwear, food retail, and lifestyle products, positioning itself to benefit from India’s rapidly expanding consumer economy.
Industry analysts say a successful listing would rank among the most significant retail-focused IPOs involving a Gulf-based company in India. The move also reflects increasing investor interest in India’s consumer sector, where international retailers are seeking exposure to one of the world’s largest and fastest-growing retail markets.
