The partnership is aimed at north India during the initial phase and will further be expanded across the nation, as stated by the company
Aimed at marking its re-entry into the Indian market, Carrefour, a French multinational retailer has entered into a franchise partnership with Dubai-based Apparel Group, as reported by Reuters. As part of its international partnership 2026 development plan, Carrefour is set to re-enter the country’s market with its first store openings in 2025.
As India is one of the world’s largest food markets and has rising consumer spending power, the partnership is aimed at north India during the initial phase and will further be expanded across the nation, as stated by the company.
“The arrival of Carrefour in India marks an important step in our strategy of expanding our franchise in more than 10 new countries by 2026,” Reuters cited Patrick Lasfargues, Executive Director of international partnership at Carrefour.
Back in 2022, Carrefour introduced its new strategic plan, Carrefour 2026, to accelerate its transformation. The company highlighted, “The Group will continue to transfer stores to franchise and lease-management in Europe, based on objective performance criteria and an annual assessment. T The Group aims to open 10 new markets by 2026, primarily in Africa/Middle East and Latin America, and to accelerate the export of Carrefour branded products.”
Reuters quoted Nilesh Ved, owner of Apparel Group and president of AppCorp Holding, who said, “Our goal is clear: to offer the best products at very attractive prices to all Indian customers and make Carrefour their favourite brand to shop.”
Carrefour tried to grow its business in India but withdrew in 2014 by saying that the country’s market was underperforming. A decade later, it has joined hands with Apparel Group. The United Arab Emirates (UAE) group has a network of over 250 stores across 35 cities and 15 states in India.
