French retailer Carrefour is in talks with Indian companies for a partnership and expects to start its business in India with cash-and-carry activities, the company told Reuters. The world’s second largest retailer, however, declined to give names of the companies it is negotiating with and also did not confirm whether it was in talks with Future Group, which runs Pantaloon Retail, India’s largest listed retailer.
“Carrefour and some Indian companies have been discussing partnerships but we do not want to comment on any of the company we have been talking to,” Carrefour said in a emailed statement to Reuters late on Thursday. Indian media has speculated on a tie-up between Pantaloon and Carrefour to launch franchise stores in India. Earlier this week, Future Group Chief Executive Kishore Biyani told Reuters that his company was in talks with several overseas retailers but declined to specify whether Carrefour was one of them.
Have you read?:
- Carrefour to enter India in 2010 with an Indian partner
- France’s Carrefour sets sights on India
- Carrefour’s first cash-and-carry outlet to open in 2-3 months
- Carrefour To Offer Online Shopping In India: Builds IT Platform
- Carrefour to Ink JV with Pantaloon Retail
- Carrefour on a store space leasing spree
great! another foreign retailer comes in, at least with the brains to tie up with a company that has been in retail for a long time.