Tuesday, December 19, 2006

Carrefour, Landmark deal falls through

A high profile retail linking is on the rocks. The Economic Times reports that according to sources, Carrefour and Landmark are unlikely to tie up for the Indian retail market, as Carrefour would prefer to tie up with an Indian company rather than the Dubai based Landmark group. Carrefour is also conducting talks with specialty retailers for possible franchising agreements, where it has supposedly approached a well known franchiser in the apparel segment.

The company is keen on opening stores in the convenience store format, with stores ranging from 2,500-3,000 sq ft, and plans to enter the value and mass retail segments at a later stage. In this regard, Carrefour is in talks with real estate companies, possibly to set up hypermarkets.

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