Pavers eyes 90 new stores in India - footwearbiz: Leading site for glo

News

Pavers eyes 90 new stores in India

22/10/2012
UK-based footwear company Pavers has become the first non-Indian retailer to be allowed to set up wholly owned stores in India, with the government approving a $20 million investment proposal.

Previously, foreign companies could only own up to 51% of their Indian operations but last year the government changed the rules to allow 100% foreign ownership in the single-brand retail sector.

Local press reported that Pavers plans to open 120 outlets, up from the current 28. At present, it sells through its franchisee Triton Retail in 28 stores in India, and also through outlets of Reliance Footprint, Lifestyle, Shoppers Stop and Westside.

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.