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Apparel Group redefines India's retail landscape with Carrefour's ambitious entry. Apparel Group sets the stage for Carrefour's India journey, beginning with a 50,000+ sq. ft. Greater Noida flagship and laying the foundation for future growth across North India. NEW DELHI, Sept. 04, 2026 (GLOBE NEWSWIRE) - Apparel Group, a leading fashion and lifestyle retail conglomerate, announces the entry of Carrefour into India with the opening of the renowned retailer's first flagship store at H&S Mall, Boulevard Walk, Greater Noida West, marking the beginning of an ambitious new chapter for both businesses in one of the world's most dynamic consumer markets. The opening marks a defining milestone in Apparel Group's India growth journey and its expansion into food and hypermarket retail. Bringing together Carrefour's international retail expertise and Apparel Group's deep understanding of the Indian market, the partnership sets the foundation for a new generation of modern retail in India, built around quality, value, convenience and the evolving aspirations of Indian consumers. Spanning more than 50,000+ sq. ft., the Greater Noida flagship introduces Carrefour's established retail experience to India through a proposition thoughtfully adapted for the local market. The store features more than 15,000+ SKUs, including exclusive international products, alongside an extensive selection of locally sourced products across fresh produce, grocery, bakery, household essentials and personal care. More than a first store, the flagship signals the scale of the ambition ahead. Apparel Group plans to expand Carrefour's presence across North India over the coming years, building a nationwide retail platform supported by strong local partnerships, modern supply chain capabilities and an integrated omnichannel ecosystem. Under Apparel Group's operational leadership, Carrefour will work with a growing network of local suppliers and partners, strengthening connections across India's retail, supply chain and agricultural ecosystem. Mr. Nilesh Ved, Chairman of APPCORP Holding, Owner of Apparel Group and Founder of KORA Properties, said: "Carrefour's entry into India represents more than the arrival of an iconic retailer. It reflects our conviction in India's extraordinary potential and our ambition to help shape the next chapter of its retail landscape. Together with Carrefour, we are combining international retail expertise with deep local market understanding to build a platform designed for scale, relevance and enduring value. This flagship is the beginning of a much larger journey, one that will take Carrefour to more cities, serve more communities and create new opportunities across India's evolving consumer ecosystem." Speaking on the occasion, Mr. Patrick Lasfargues, Executive Director - International Partnership, Carrefour, said: "Today's launch marks a significant milestone for Carrefour as we officially begin our retail journey in India. We see India as one of the world's most dynamic consumer markets, underpinned by strong economic fundamentals, a rapidly evolving retail landscape and immense long-term potential. Our partnership with Apparel Group brings Carrefour's global expertise with deep local market knowledge, creating a strong platform for sustainable growth. This flagship store is the first step in our long-term ambition to build a nationwide network and a robust omnichannel retail business that delivers quality, value and convenience to customers across India." India represents one of the most compelling growth opportunities in modern retail, powered by rising consumer aspirations, urbanisation and the continued evolution of organised retail. With the sector projected to exceed US$2.36 trillion by 2030, the opportunity extends beyond market growth to shaping how the next generation of Indian consumers shop, connect and experience retail. Apparel Group and Carrefour aim to build precisely that model. The venture will combine Carrefour's extensive international capabilities with Apparel Group's local market expertise to bring a broader world of products and experiences to Indian consumers. Alongside the physical store network, Apparel Group will develop an integrated omnichannel ecosystem powered by modern logistics infrastructure, technology and strategic local partnerships, creating a platform built to evolve with India's ambitions. The Greater Noida flagship is only the beginning. It represents a long-term ambition to build Carrefour into one of India's most relevant, accessible and trusted retail destinations, creating enduring value for consumers, suppliers, communities and the wider economy as the network expands across the country. About Apparel Group (India) Pvt. Ltd.: Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy - Dubai, United Arab Emirates. Today, Apparel Group caters to eager shoppers through its 2600+ retail stores and 85+ brands on all platforms while employing over 28,000+ multicultural staff. Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines. Apparel Group India has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands in India include leading names in fashion, footwear, and lifestyle such as Victoria's Secret, Dolce&Gabbana Beauty, Victoria's Secret PINK, YSL, Charles & Keith, Crocs, Aldo, Aldo Accessories, Bath & Body Works, Cotton On, Levis Kids, Tim Hortons, Inglot, Call It Spring, Nike Littles, Jordan Kids, Anne Klein, Herschel, R&B, Carrefour, and Daiso Japan. Apparel Group has a multi-brand partnership with Marquee Brands for the licensing of BCBG, Ben Sherman, Bruno Magli, Sur la table, and Martha Stewart brands, across GCC and India. With 300+ stores and 20+ brands, the company serves thousands of customers across 50 cities in India. Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades. About Carrefour Group With a multi-format network of over 15,000 stores in more than 40 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour International Partnership manages all the Carrefour Group's franchised Partners worldwide, operating in more than 30 countries with over 4,000 stores. Carrefour posted sales of €91.5 billion in 2025. Its integrated store network employs more than 300,000 people who help to make Carrefour the world leader in the food transition for all, by offering quality food every day, accessible everywhere and at a reasonable price. In total, more than 500,000 people work under Carrefour banners worldwide. For more information, visit www.carrefour.com, or find us on X (@news_carrefour) and LinkedIn (Carrefour). Photos accompanying this announcement are available at

Apparel Group redefines India's retail landscape with Carrefour's ambitious entry. PRNewswire New Delhi [India], September 4: Apparel Group, a leading fashion and lifestyle retail conglomerate, announces the entry of Carrefour into India with the opening of the renowned retailer's first flagship store at H & S Mall, Boulevard Walk, Greater Noida West, marking the beginning of an ambitious new chapter for both businesses in one of the world's most dynamic consumer markets. The opening marks a defining milestone in Apparel Group's India growth journey and its expansion into food and hypermarket retail. Bringing together Carrefour's international retail expertise and Apparel Group's deep understanding of the Indian market, the partnership sets the foundation for a new generation of modern retail in India, built around quality, value, convenience and the evolving aspirations of Indian consumers. Spanning more than 50,000+ sq. ft., the Greater Noida flagship introduces Carrefour's established retail experience to India through a proposition thoughtfully adapted for the local market. The store features more than 15,000+ SKUs, including exclusive international products, alongside an extensive selection of locally sourced products across fresh produce, grocery, bakery, household essentials and personal care. More than a first store, the flagship signals the scale of the ambition ahead. Apparel Group plans to expand Carrefour's presence across North India over the coming years, building a nationwide retail platform supported by strong local partnerships, modern supply chain capabilities and an integrated omnichannel ecosystem. Under Apparel Group's operational leadership, Carrefour will work with a growing network of local suppliers and partners, strengthening connections across India's retail, supply chain and agricultural ecosystem. Mr. Nilesh Ved, Chairman of APPCORP Holding, Owner of Apparel Group and Founder of KORA Properties, said: "Carrefour's entry into India represents more than the arrival of an iconic retailer. It reflects our conviction in India's extraordinary potential and our ambition to help shape the next chapter of its retail landscape. Together with Carrefour, we are combining international retail expertise with deep local market understanding to build a platform designed for scale, relevance and enduring value. This flagship is the beginning of a much larger journey, one that will take Carrefour to more cities, serve more communities and create new opportunities across India's evolving consumer ecosystem." Speaking on the occasion, Mr. Patrick Lasfargues, Executive Director - International Partnership, Carrefour, said: "Today's launch marks a significant milestone for Carrefour as we officially begin our retail journey in India. We see India as one of the world's most dynamic consumer markets, underpinned by strong economic fundamentals, a rapidly evolving retail landscape and immense long-term potential. Our partnership with Apparel Group brings Carrefour's global expertise with deep local market knowledge, creating a strong platform for sustainable growth. This flagship store is the first step in our long-term ambition to build a nationwide network and a robust omnichannel retail business that delivers quality, value and convenience to customers across India." India represents one of the most compelling growth opportunities in modern retail, powered by rising consumer aspirations, urbanisation and the continued evolution of organised retail. With the sector projected to exceed US$2.36 trillion by 2030, the opportunity extends beyond market growth to shaping how the next generation of Indian consumers shop, connect and experience retail. Apparel Group and Carrefour aim to build precisely that model. The venture will combine Carrefour's extensive international capabilities with Apparel Group's local market expertise to bring a broader world of products and experiences to Indian consumers. Alongside the physical store network, Apparel Group will develop an integrated omnichannel ecosystem powered by modern logistics infrastructure, technology and strategic local partnerships, creating a platform built to evolve with India's ambitions. The Greater Noida flagship is only the beginning. It represents a long-term ambition to build Carrefour into one of India's most relevant, accessible and trusted retail destinations, creating enduring value for consumers, suppliers, communities and the wider economy as the network expands across the country. About Apparel Group (India) Pvt. Ltd. Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy - Dubai, United Arab Emirates. Today, Apparel Group caters to eager shoppers through its 2600+ retail stores and 85+ brands on all platforms while employing over 28,000+ multicultural staff. Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines. Apparel Group India has created an omnichannel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands in India include leading names in fashion, footwear, and lifestyle such as Victoria's Secret, Dolce & Gabbana Beauty, Victoria's Secret PINK, YSL, Charles & Keith, Crocs, Aldo, Aldo Accessories, Bath & Body Works, Cotton On, Levis Kids, Tim Hortons, Inglot, Call It Spring, Nike Littles, Jordan Kids, Anne Klein, Herschel, R & B, Carrefour, and Daiso Japan. Apparel Group has a multi-brand partnership with Marquee Brands for the licensing of BCBG, Ben Sherman, Bruno Magli, Sur la table, and Martha Stewart brands, across GCC and India. With 300+ stores and 20+ brands, the company serves thousands of customers across 50 cities in India. Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades. Apparel Group India | LinkedIn | Download Club Apparel App About Carrefour Group With a multi-format network of over 15,000 stores in more than 40 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour International Partnership manages all the Carrefour Group's franchised Partners worldwide, operating in more than 30 countries with over 4,000 stores. Carrefour posted sales of €91.5 billion in 2025. Its integrated store network employs more than 300,000 people who help to make Carrefour the world leader in the food transition for all, by offering quality food every day, accessible everywhere and at a reasonable price. In total, more than 500,000 people work under Carrefour banners worldwide. For more information, visit www.carrefour.com, or find Sarameltzergallery on X (@news_carrefour) and LinkedIn (Carrefour). [email protected] Photo: https://mma.prnewswire.com/media/3008944/Apparel_Group_Carrefour.jpg Logo: https://mma.prnewswire.com/media/3008945/Apparel_Group_Logo.jpg (ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same) Disclaimer: No Business Standard Journalist was involved in creation of this content First Published: Sep 04 2026 | 2:00 PM IST

Carrefour eyes India expansion via organic route, acquisitions. PTI Last Updated: Sep 03, 2026, 07:37:00 PM IST 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. Greater Noida: French retail major Carrefour, which has re-entered the Indian market after a decade through a partnership with Dubai-based Apparel Group, has plans to add multiple stores in the coming months across Delhi-NCR, enter the western region by next summer, and is also open to acquisitions to expedite growth. The Apparel Group, which opened its over 50,000-sq ft Carrefour store in Greater Noida, Delhi-NCR, will add another store in the next four weeks, as part of its plan to roll out 50 food and grocery stores in the first phase of expansion over the next five years. You May Like This is Carrefour's second inning in India, after it entered in 2010 through the wholesale cash-and-carry business and exited in 2014 by closing its five stores, citing poor performance and inability to find a local partner for expansion. When asked about the expansion strategy, Apparel Group owner and chairman Nilesh Ved told PTI that it will take a calibrated, controlled speed and not a mass rollout. It will also be open to an acquisition route to accelerate growth alongside organic expansion. "We want to grow fast, but at the same time we want to make sure we are in control. You need a strategy - can we open five, ten, fifteen stores at one time, and then move forward. So we are opening one, we are opening a second one very soon, and looking at another in NCR. By next summer we will be ready for the western region," he said. Carrefour, in India, as per its plan, will initially focus on the hypermarket format carrying around 50,000 stock-keeping units (SKUs), before rolling out other formats such as Carrefour Express, Carrefour Premium and Carrefour Gourmet in markets like Mumbai and Delhi, Ved said. "We are also looking at M&As - if there is an opportunity for us to acquire, we are looking at that, to see if we can grow with acquisition also," he added. On e-commerce and quick-commerce, Ved said the company will first focus on its physical stores rather than build dark stores in the initial phase, while it works out its supply chain. Ved said Carrefour will move into e-commerce and quick commerce once its supply chain is ready, drawing on the pattern seen in Europe, the Gulf and India, where growth in brick-and-mortar retail and online retail are happening simultaneously. "We will try to use our stores to do that, instead of doing dark stores in the early stages. Then we will change the strategy according to what India needs," he said, adding that India, given its scale and diversity, cannot be treated as a single market and is comparable in size to Europe. As per its growth strategy, the company will prioritise "profitable growth" over an investment-led, cash-burn model, Ved said, adding that Apparel Group, as a privately held group, remains focused on generating profit as it scales. "As a parent group, we are very careful about how much profit we make and how we grow from it. We will grow smartly, and the smart way for us to do it is to see how much profit we generate. It's important to think in that format. One of the values for us is that we have the engine of Carrefour, but do we have the profit for it to grow and multiply? We will do the investments, and we want to be profitable," he said. On being asked as a late entrant in the Indian retail sector, which is projected to touch Rs 190 lakh crore (approx. USD 1.6-1.8 trillion) by 2030, Ved said India is among those markets where new shopping malls are coming. "So, it gives opportunities for people like Carrefour and Apparel Group to go and take more market share in that shop. India is growing. So, the market will grow on its own. We will grow with India," he said. About sourcing, Ved said the recent Free Trade Agreement (FTA) by India with the UK, UAE and some other countries, along with the prospect of a similar trade pact between India and the European Union could pave the way for two-way product flows and provide an additional boost with French Carrefour merchandise entering India, and Indian products being sold across Carrefour's global network. "I think both ways. Indian products will go... our aim is also to see how we can ship the main India product outside to Carrefour, which has 15,000 stores globally in 40 countries - and see how we can get French products also here. It is just the beginning. I think the journey is going to be amazing," he added. Patrick Lasfargues, Executive Director - International Partnerships, Carrefour Group, said the company is entering India this time with a business-to-consumer (B2C) hypermarket model, a departure from its earlier five-year stint about 12 years ago, which was based on a cash-and-carry, B2B format backed by direct investment. On store format, Lasfargues said Carrefour has adopted a "hypermarket compact" format for India, in the range of 35,000 to 50,000 square feet, smaller than its legacy hypermarkets in France that have historically run much larger. The company is also considering smaller supermarket-format stores of about 10,000 square feet focused on convenience, in addition to slightly larger hypermarkets than the Noida store, going forward, he said. Based in Dubai, UAE, Apparel Group is a global fashion and lifestyle retail conglomerate which operates over 2,600 retail stores and 85 brands on all platforms. It has a strong presence in the Gulf region and has expanded to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt.