Future Group ties up with Carrefour, planing for new oulets

After years of negotiations with more than a dozen potential Indian partners, Europe’s biggest retailer Carrefour SA has forged an alliance with Future Group, which runs India’s largest store chain. Future Group will open Carrefour-branded franchise stores in the country under a deal signed three months ago. The group plans to open between 150 and 300 Carrefour-branded hypermarkets in the next five years. Future Group, which runs Pantaloon and Big Bazaar chains, is set to hit the retail segment with the new Carrefour brand. Now, the group’s new retail venture will unfold new business opportunity to the signage segment.