Carrefour looking to lease store space

Carrefour SA has signed properties in Hyderabad, Chennai, Bangalore and Pune, and is also assessing properties in Mumbai.

These properties will be for opening more of B2B cash-and-carry outlets under its subsidiary Carrefour WC&C India.

The cash-and-carry outlets are estimated to be around 60,000-sq ft in size each and will sell to individual customers.

Under the retail foreign direct investment (FDI) norms, 100 per cent FDI is allowed in the wholesale cash and carry business.

Carrefour has reportedly signed master-franchisee agreement with Kishore Biyani-led Future Group in India for launching Carrefour hypermarket chains.