Pavers England plans $50m GCC expansion
DUBAI, February 5, 2016
Pavers England, an established heritage brand shoe store and a joint venture between UK based $250 million Pavers and the $1.25 billion Foresight Group, is set to open two stores in the UAE, with plans to further expand into the wider GCC market.
With the intention of reinvigorating the regional retail sector, Pavers England has committed to a $50 million investment across the GCC, illustrating its confidence in the market and the positivity and resourcefulness that is intrinsic to its success, said a statement.
The first stores are set to open at the Dalma Mall in Abu Dhabi and Al Ghurair Center in Dubai.
The company plans to open between seven and ten stores in the Middle East and North Africa (Mena) region this year, with a long-term vision of 100 stores over the next five years.
Utsav Seth, managing director, Pavers Foresight Smart Ventures, said: “The Pavers brand has always been a symbol of legacy and stability and it is our hopes to bring this to the UAE and expand into the wider region where we see massive growth potential." - TradeArabia News Service
