Future Group In Line For Foreign Tie-up

Indian conglomerate Future Group looks set to be the next major domestic venture to form a retail tie-up with one of the leading global multinationals, with French giant Carrefour looking the likely frontrunner. Future Group is keen to raise extra capital to support the expansion of its Pantaloon Retail business by bringing in an international partner and listing its investment arm. The company aims to expand aggressively in order to retain its market leading position and to exploit forecast sales growth of 218% by 2014 in what BMI's considers one of the world's most exciting mass grocery retail (MGR)

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