French retail major Auchan and Landmark plan JV on new stores

French retail giant Groupe Auchan SA plans to open 85 stores in India over the next six years as it nears a formal deal with Landmark Group. Auchan will have the option to pick a 50 percent stake in the joint venture (JV) depending on the Indian government’s decision to allow FDI in multi-brand retailing. The deal will be a franchise agreement till then with Landmark operating the Auchan stores. Big boost plan of the two retail giants will give signage companies, involving in in-shop signage and displays, a fresh business opportunity.