Carrefour in talks with 6 groups for India Retail foray

French retailer Carrefour said on Tuesday it was in talks with as many as six potential partners to open retail stores in India and could sign a deal soon. “We are close to signing an agreement. We are in talks with five or six Indian groups,” said Dominique Coulombel, India-based sourcing manager for Carrefour. “It is a matter of months.” The comment was the first direct confirmation by Carrefour, after months of press speculation that it was talking to potential partners in India. Most of the reports centered on a possible deal with the Wadia family. To counter weakening domestic sales, retailers such as Wal-Mart, France’s Carrefour, Germany’s Metro and Britain’s Tesco have pushed to enter India. Metro already has several wholesale stores in the country.

Courtesy:EconomicTimes
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