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Carrefour emerged in 1959 as a collaboration between two entrepreneurs, Marcel Fournier and Louis Defforey, in Annecy, a city in eastern France. It is the largest hypermarket chain in the world in the terms of size, and the 2nd largest retail group in the world in terms of revenue. And not but the least that the Carrefour is the 3rd largest in profit after WalMart and tesco. Carrefour operates mainly Europe, Argentina, Brazil, China, Colombia , and in the Dominican republic but also shop in North Africa and other part of Asia. So Carrefour is Regiocentric.
The existing players like Big Bazaar, Shoppers' Stop, are expanding to smaller towns and cities. Many other business are planning to enter the retail sector either own or through partnerships. New entrants like Reliance Retail Ltd and Wal-Mart are going to enter the market soon. Even rural areas will provide a huge opportunity to be explored. Estimates and Predictions Indian consumerism:-ex. MUMBAI/NEW DELHI: Carrefour, Europe's biggest retail chain, has agreed with Kishore Biyani of Pantaloon Retail to set up franchisee stores in India after six years of wandering in the world's second-fastest growing nation for partnerships, including with Mukesh Ambani's Reliance Retail and real estate group DLF.