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Monday, December 23, 2024

Carrefour partners with Apparel Group for India launch

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Apparel Group, a leading retail and lifestyle major has signed a strategic franchise partnership with Carrefour to launch it in the Indian market.

Apparel Group to launch Carrefour in India

With this partnership, Carrefour’s stores will initially open in the National Capital Region by 2025 with plans for a nationwide expansion.

Carrefour sees huge growth potential in the Indian market and expects it to become one of the key markets in the future.

Commenting on the partnership, Nilesh Ved, owner of Apparel Group in a statement said, “We are extremely proud and excited to announce our partnership with Carrefour, one of the world’s leading retailers. In a very dynamic and rapidly changing market for food retail, we plan to open our first Carrefour stores during the summer of 2025. This partnership represents a significant step in strengthening our position in India.”

Patrick Lasfargues, Carrefour’s executive director of International Partnership added, “Thanks to this partnership, we are very happy to launch in India and grow our footprint in one of the fastest growing economies in the world. India is now the cornerstone of the Carrefour International Partnership 2026 development plan, marking a significant step forward in our strategy to expand into over 10 new countries by 2026.”

The UAE-based Apparel Group has a strong presence in India with a network of over 250 stores across more than 35 cities and 15 states.

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