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Auchan to foray in Indian market

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World’s ninth-largest food retailer France’s Auchan, is planning to enter India. The $50 billion grocery and consumer goods retailer is said to be talking with the Wadia Group. The sources close to the development have confirmed that the Carrefour and Wadia alliance is yet not confirmed, and the company is talking to other players as well.

Auchan is considered strong in the hypermarkets format. Its position has been reinforced in this format after its acquisition of Docks de France. At this point, the company is eying for growth rates outside France and other saturated markets.

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