Carrefour inks agreement with Apparel Group to re-enter India

After exactly a decade of pulling out, French grocery major Carrefour is set to re-enter India through a franchise agreement with UAE-headquartered regional retail conglomerate Apparel Group’s India operations.

Apparel Group India will reportedly launch the first Carrefour store(s) in the National Capital Region (NCR) in 2025 with plans for nation-wide expansion across multiple formats.

In a LinkedIn post, Apparel Group India Pvt Ltd stated: “We are thrilled to announce Apparel Group’s partnership with Carrefour to introduce Carrefour’s renowned retail experience with plans for nationwide expansion across India.”

Carrefour at a glance

• 14,000+ stores in more than 40 countries
• 500,000+ employees globally
• Recorded a turnover of €94.1 billion in 2023

Meanwhile, in the Middle East and Africa, Majid Al Futtaim has the exclusive rights to operate Carrefour across 30 markets.

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