Carrefour Eyes India Expansion via Organic Route, Acquisitions
The 50,000-square-foot store offers more than 15,000 products as Apparel Group plans to expand Carrefour across North India.
- French retailer Carrefour officially re-entered the Indian market on September 4, 2026, opening a 50,000-square-foot flagship store in Greater Noida through a partnership with Dubai-based Apparel Group.
- This marks a strategic shift from Carrefour's 2010–2014 wholesale cash-and-carry model; Patrick Lasfargues, Executive Director of International Partnerships at Carrefour Group, said the company now adopts a business-to-consumer 'hypermarket compact' format.
- The Greater Noida flagship features more than 15,000 SKUs, including exclusive international and locally sourced products, while Apparel Group owner Nilesh Ved prioritizes 'profitable growth' over an investment-led, cash-burn expansion model.
- Apparel Group plans to open additional stores in Delhi-NCR in the coming months, with a broader goal of building a nationwide retail network and exploring potential acquisitions to accelerate growth alongside organic expansion.
- India's retail sector is projected to reach US$1.6–1.8 trillion by 2030, a dynamic landscape Ved believes offers significant opportunities for Carrefour and Apparel Group to capture market share as the economy evolves.
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DECRYPTAGE - Back in the country, the distributor opened its first store on September 3rd in the suburbs of New Delhi. He hopes to open fifty.
The Economic Times
Times of IndiaCarrefour eyes India expansion via organic route, acquisitions
French retailer Carrefour has re-entered India through a partnership with Apparel Group. The company plans to open multiple stores across Delhi-NCR in the coming months. They will also expand into the western region by next summer. Carrefour is open to acquisitions to accelerate its growth strategy. The focus remains on profitable expansion and building a strong supply chain.
In second India innings, Carrefour plans expansion, exports, and acquisitions
The chain, which had five stores in India, exited the country in 2014, due to restrictions on foreign direct investment in multi-brand retail and subsequent financial issues and being unable to break even.
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