Pavers England plans $50m GCC investment

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Pavers England plans $50m GCC investment

Dubai - 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.

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Published: Mon 8 Feb 2016, 11:00 PM

Last updated: Tue 9 Feb 2016, 1:00 AM

Pavers England - the 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. The first stores are set to open at the Dalma Mall in Abu Dhabi and Al Ghurair Center in Dubai.
The recent debate on consumer spending in the region has led to concerns and questions about further economic growth. However, Pavers England are bucking the current trend and are meeting this environmental challenge with its much lauded positivity and can-do attitude.
The company plans to open between seven and ten Mena stores in 2016, with a long-term vision of 100 stores over the next five years.
business@khaleejtimes.com 


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