Pavers England buying its franchise partner, eying 500 POSs

Leading UK-based footwear retailer Pavers England is buying out its franchise partner, Chennai-based Triton Retail, as it gets ready for solo journey in India following government’s approval of its proposal to invest Rs 100 crore in single-brand retail. The company at present runs 30 stores in different cities in India through Triton Retail. The com has confirmed that Foreign Investment Promotion Board (FIPB) had approved the company’s FDI proposal and it is looking to expand its point of sales to 500 in the next two years, upgraded from the current 30. Such a big expansion plan of the company is a fresh business for the signage companies dealing in the in-shop branding, displays, designs and related activities.