Carrefour plans franchise deal for Indian expansion

Carrefour, a French retail giant is planning a franchise model for expansion in India. The company is looking for right franchise partners for quite sometime though nothing has been finalised as yet. However, the company is almost ready to open its first wholesale cash-and-carry retail outlet in India in the coming two to three months at Seelampur in Delhi.

Carrefour has opted wholesale retailing and will continue to scout for suitable partners to enter front-end trade. The company also expects its sourcing from India for its international operations to grow manifold in the years to come, from the current USD 150 million annually, once it starts wholesale business here. The company currently sources fruits and vegetables, decor items and other things.