Mobile operator Bharti Group is in talks with two global retail chains — French major Carrefour and Japan’s largest retailer Aeon — for forming a new joint venture with one of them, according to media reports.
According to the report, the new partner will replace Walmart with which Bharti, owned by billionaire Sunil Mittal, had a strategic partnership till October last year
“Discussions with Carrefour were at an advanced stage. However, the talks were put on hold due to the entry of Japanese retailer Aeon,” said media reports.
Bharti and the foreign retailer will form joint ventures for the cash & carry segment, which caters to wholesale traders.
