After years of negotiations with more than a dozen potential Indian partners, Europe’s biggest retailer Carrefour SA has forged an alliance with Kishore Biyani’s Future Group, which runs India’s largest store chain, according to two persons familiar with the development.
Future Group will open Carrefour-branded franchise stores in the country under a deal signed three months ago, said the two persons, who spoke on condition of anonymity because an announcement is yet to be made.
Future Group plans to open between 150 and 300 Carrefour-branded hypermarkets in the next five years, said one of the two persons.
More here
Monday, May 3, 2010
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment