India’s leading retailer, Future Group announces an equal joint venture with the UK-based footwear maker, Clarks, to set up retail outlets in the country. The JV Clarks Future Footwear Ltd (CFFL) announced the opening of the first exclusive store in the Indian capital, with plans to have at least 100 such stores in the next five years, with revenue of up to Rs 250 cr. The initial plan for the JV is to open 50 such stores in the next two years. Such joint venture plan between the two retail giants will be an added advantage in business expansion of the signage players dealing with activities in the retail sector.
