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Carrefour to tie up with Future Group

Future Group is expected to engage in two different business models with French retailer Carrefour. While at the front end it will be a franchise arrangement, the back end sourcing operations, especially in the foods category, is likely to end in a JV arrangement. The Carrefour stores would be along the lines of Hypercity with straight line aisles and would have different positioning compared to the Big Bazaar outlets. And Carrefour has 15,000 stores across 33 countries and entering India through cash and carry route. This JV will bring a new opportunity to exploit for signage players in the food category.

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