Groupe Auchan SA, the French international retail group and multinational corporation, which has signed a franchise agreement with Landmark Group of India, is scheduled to complete the rebranding of five former Max Hypermarket stores under the Auchan banner by 12 October. Four of these stores are located in Bangalore and one is in Mangalore.
By the end of November, another eight Max Hypermarkets will be converted to the Auchan banner.
Expansion plans include adding 4-5 new hypermarkets by the end of the fiscal. Subsequently, 10-12 Auchan stores will be opened each year.
Auchan will transfer know-how in logistics, supply chain, buying, private labels, et cetera. The retailer has great experience earned in markets of France, Russia and China.
Auchan and Landmark could also enhance the agreement between them, in view of the recently opened FDI in multi brand retail.