French retail giant Carrefour is set to re-enter the Indian market through a strategic franchise partnership with Apparel Group, according to a release from Dubai's leading retail and lifestyle player in India.
Carrefour plans to open hypermarkets, supermarkets, and gourmet stores across the country.
The partnership will initially introduce Carrefour's exclusive brands in North India, with plans for nationwide expansion. The first store will open in the National Capital Region in 2025, although the specific format of the store has not yet been disclosed.
Carrefour first entered India in 2010 with cash-and-carry outlets but exited in 2014 due to restrictions on foreign direct investment in multi-brand retail.
Bu hikaye Business Standard dergisinin September 10, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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