RETAIL industry circles are abuzz with the possibility of an imminent tie-up between Future Group and the world’s No.2 retail chain, Carrefour, after a hush-hush visit by the French chain’s global chief executive, Lars Olofsson, to India late last week and his meeting on Saturday with Future CEO Kishore Biyani.
Mr Olofsson and Mr Biyani on Saturday visited a couple of Big Bazaar and Food Bazaar outlets in Delhi, said an executive privy to the development.
The move is seen as a precursor to the announcement of a possible deal in the near future that will help Carrefour neutralise the early-mover advantage of its larger rival, Wal-Mart, which has already launched its India operations in alliance with the Bharti Group.
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