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French Retail Giant Carrefour To Return To India By June 2025
French retail giant Carrefour announced Monday that it will return to India by June 2025 in a franchise partnership with Dubai firm Apparel Group, a decade after leaving the country.
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Reliance Retail, Bharti in Talks to Buy Carrefour India Assets: Report
As per industry sources, Bharti Enterprises has also been looking for a partner since it called off its six year 50:50 JV with US retail giant Walmart in October last year. Walmart bought Bharti's stake in the JV.
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Carrefour to Exit India, Still in Talks to Sell Stores
The world's No.2 retailer by sales, which has been operating in India since 2010, will shut its five Indian wholesale stores by the end of September, according to a company statement late on Monday.
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Carrefour to Exit India, Shut Five Wholesale Stores
French retail giant Carrefour SA will shut down its Indian operations and close its wholesale stores in the country, as it exits underperforming markets to focus on reviving its French business.
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Carrefour to Close its Five Stores in India
The company has wholesale cash and carry stores in Delhi, Jaipur, Agra, Meerut and Bangalore, as per its India website.
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Carrefour Looking to Exit India Wholesale Operations: report
Carrefour operates five wholesale cash-and-carry outlets in India and, after foreign investment rules were eased in 2012, it had been widely expected to set up a chain of supermarkets.
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Perseverance pays for Mukesh Ambani and his retail foray
It took Reliance Retail, part of Ambani's conglomerate Reliance Industries, seven years of losses, bruising trial-and-error and over $1 billion (Rs 6,100 crore at 1 dollar=61 rupees) in investments to find a formula that works for India, the world's fifth largest retail market and one of its fastest growing.
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Aeon denies talks with Bharti, Carrefour silent
Japanese retailer Aeon denied a newspaper report that it was in talks with the Bharti Group to set up a retail joint venture in India, while France's Carrefour declined to comment on whether it was also talking to Bharti.
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Walmart says can't meet norms; Congress says other 'marts' will come: top 10 facts
Walmart, the world's largest retailer, has said it will not be able to meet a norm in India's foreign direct investment, or FDI, in multi-brand retail rules, which says that 30 per cent supplies must be procured locally. The Congress, which leads the UPA government, has said this will not derail the policy. "If Walmart goes, other 'marts' will come...
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Government to meet retailers on multi-brand issues on June 27
The government will discuss with retailers, including Walmart, Tesco and Carrefour on Thursday, June 27 issues faced by them in setting up of stores in the country's multi-brand retail sector.
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Future Retail drops on FDI rules clarification
Shares in Future Retail fell as much as 3.4 per cent on Friday after the government said foreign supermarkets entering India must invest in new supply infrastructure, rather than buying existing assets.
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India clarifies Foreign Direct Investment rules for supermarkets
Foreign supermarkets entering India must invest in new supply chain infrastructure, such as warehouses and cold-storages, rather than buying existing assets, the government said today in a clarification of rules announced last year.
-
Tesco, Sainsbury's have taken first steps for setting up retail stores: Anand Sharma
Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements.
-
France's Auchan plans to set up 60 stores in India: Anand Sharma
France-based Auchan, one of the world's largest hypermarket chains, has plans to open 60 stores in India, Commerce and Industry Minister Anand Sharma said today.
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Govt wins FDI vote in Lok Sabha with Mulayam, Mayawati's help
After two days of stormy debate, lawmakers in the Lok Sabha voted in favour of the government's big policy decision to open up the country's highly-protected retail industry to foreign chains such as Walmart. 471 of the Lok Sabha's 545 members voted; 253 MPs voted against the BJP motion that challenged the policy and 218 voted for it.
-
French Retail Giant Carrefour To Return To India By June 2025
French retail giant Carrefour announced Monday that it will return to India by June 2025 in a franchise partnership with Dubai firm Apparel Group, a decade after leaving the country.
-
Reliance Retail, Bharti in Talks to Buy Carrefour India Assets: Report
As per industry sources, Bharti Enterprises has also been looking for a partner since it called off its six year 50:50 JV with US retail giant Walmart in October last year. Walmart bought Bharti's stake in the JV.
-
Carrefour to Exit India, Still in Talks to Sell Stores
The world's No.2 retailer by sales, which has been operating in India since 2010, will shut its five Indian wholesale stores by the end of September, according to a company statement late on Monday.
-
Carrefour to Exit India, Shut Five Wholesale Stores
French retail giant Carrefour SA will shut down its Indian operations and close its wholesale stores in the country, as it exits underperforming markets to focus on reviving its French business.
-
Carrefour to Close its Five Stores in India
The company has wholesale cash and carry stores in Delhi, Jaipur, Agra, Meerut and Bangalore, as per its India website.
-
Carrefour Looking to Exit India Wholesale Operations: report
Carrefour operates five wholesale cash-and-carry outlets in India and, after foreign investment rules were eased in 2012, it had been widely expected to set up a chain of supermarkets.
-
Perseverance pays for Mukesh Ambani and his retail foray
It took Reliance Retail, part of Ambani's conglomerate Reliance Industries, seven years of losses, bruising trial-and-error and over $1 billion (Rs 6,100 crore at 1 dollar=61 rupees) in investments to find a formula that works for India, the world's fifth largest retail market and one of its fastest growing.
-
Aeon denies talks with Bharti, Carrefour silent
Japanese retailer Aeon denied a newspaper report that it was in talks with the Bharti Group to set up a retail joint venture in India, while France's Carrefour declined to comment on whether it was also talking to Bharti.
-
Walmart says can't meet norms; Congress says other 'marts' will come: top 10 facts
Walmart, the world's largest retailer, has said it will not be able to meet a norm in India's foreign direct investment, or FDI, in multi-brand retail rules, which says that 30 per cent supplies must be procured locally. The Congress, which leads the UPA government, has said this will not derail the policy. "If Walmart goes, other 'marts' will come...
-
Government to meet retailers on multi-brand issues on June 27
The government will discuss with retailers, including Walmart, Tesco and Carrefour on Thursday, June 27 issues faced by them in setting up of stores in the country's multi-brand retail sector.
-
Future Retail drops on FDI rules clarification
Shares in Future Retail fell as much as 3.4 per cent on Friday after the government said foreign supermarkets entering India must invest in new supply infrastructure, rather than buying existing assets.
-
India clarifies Foreign Direct Investment rules for supermarkets
Foreign supermarkets entering India must invest in new supply chain infrastructure, such as warehouses and cold-storages, rather than buying existing assets, the government said today in a clarification of rules announced last year.
-
Tesco, Sainsbury's have taken first steps for setting up retail stores: Anand Sharma
Multi-brand foreign retailers such as Walmart, Metro, Carrefour and Tesco have already invested in India under cash-and-carry arrangements.
-
France's Auchan plans to set up 60 stores in India: Anand Sharma
France-based Auchan, one of the world's largest hypermarket chains, has plans to open 60 stores in India, Commerce and Industry Minister Anand Sharma said today.
-
Govt wins FDI vote in Lok Sabha with Mulayam, Mayawati's help
After two days of stormy debate, lawmakers in the Lok Sabha voted in favour of the government's big policy decision to open up the country's highly-protected retail industry to foreign chains such as Walmart. 471 of the Lok Sabha's 545 members voted; 253 MPs voted against the BJP motion that challenged the policy and 218 voted for it.
