French retail giant Groupe Auchan SA plans to open 85 stores in India over the next six years as it nears a formal deal with Landmark Group. Auchan will have the option to pick a 50 percent stake in the joint venture (JV) depending on the Indian government’s decision to allow FDI in multi-brand retailing. The deal will be a franchise agreement till then with Landmark operating the Auchan stores. Big boost plan of the two retail giants will give signage companies, involving in in-shop signage and displays, a fresh business opportunity.
