French retail giant Auchan and Dubai-based Landmark Group today (13 August) announced a deal to work together in the Indian market.
Landmark’s existing Max Hypermarket stores will be rebranded as Auchan outlets. The two companies said they intend to open 12-15 new stores in India per year.
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The franchise agreement follows months of speculation that the two companies would team up in India.
Landmark had worked with Spar International in India but earlier this year the two sides decided to end their venture.
