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Carrefour JV in foods category with Future Group

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.”