Carrefour heads to India

French supermarket chain plans to open stores by 2009.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

With a retail market valued at $330 billion, India has been identifed as the next destination for French supermarket chain, Carrefour.

The firm, which owns the bicycle brand, Top Bike, plans to open its cash and carry business in India by 2009.

Herve Clech'h, managing director of the firm, said: "We are planning one or two stores by the second half of 2009 and add more as the business grows."

Franchisees will be appointed by the Carrefour owned Master Franchise Company.

Carrefour India's general manager Gerard Freiszmuth said: "We are talking to five to six Indian groups for this. Carrefour hopes to finalise the Indian franchisee for the multi-brand retailing business, in which no foreign equity is permitted in the country, over the next couple of months." 

in a bid to protect domestic stores, India doesn't allow foregin equity in multi-brand stores. However, it currently permits up to 51 per cent foreign equity in single-brand retail trade businesses. 

As yet, the firm has not finalised its investment plan.

Related

5_Pocoyo.jpg

Toys R Us heads east

Toys and baby product retailer says it plans to open its first store in South Korea on Saturday, December 8th.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.