The CEO of Future Group, Kishore Biyani, is expected to engage in two different business models with French retailer Carrefour. While at the front end it will be a franchise arrangement, the back-end sourcing operations, especially in the foods category, are likely to end in a JV arrangement.
According to sources within the Future Group, “Mr Biyani is serious about Carrefour and will be announcing his deal with the French retailer within the next month.”
(Source: The Hindu Business Line)