French retail major Carrefour is set to enter India for the second time through a strategic franchise partnership with Apparel Group, a leading retail and lifestyle player in India, the latter said in a release.
Through the partnership, Carrefour will launch its exclusive brands initially in North India with plans for nationwide expansion. It will open its first store in the National Capital Region (NCR) in 2025, it said.
Carrefour earlier ran cash-and-carry outlets in India and exited the country in 2014.
“Thanks to this partnership, we are very happy to launch in India and grow our footprint in one of the fastest-growing economies in the world. We will be expanding with multiple formats across the country to adapt to this dynamic country’s retail landscape. India is now the cornerstone of the Carrefour International Partnership 2026 development plan, marking a significant step forward in our strategy to expand into over 10 new countries by 2026,” Patrick Lasfargues, Carrefour’s executive director of international partnerships, said in the release.
“We are extremely proud and excited to announce our partnership with Carrefour, one of the world’s leading retailers. In a very dynamic and rapidly changing market for food retail, we plan to open our first Carrefour stores during the summer of 2025. This partnership represents a significant step in strengthening our position in India. Our goal is clear: to offer the best products at very attractive prices to all Indian customers and make Carrefour their preferred choice for shopping,” Nilesh Ved, owner of Apparel Group and chairman of AppCorp Holding, said in the release.
First Published: Sep 09 2024 | 4:16 PM IST