DLF plans tie-up with Thai retail group as Carrefour talks fail

Talks between the DLF Group and French retail major Carrefour for a joint retail operation in India have fallen through. The Indian real estate major has moved on and is now in advanced negotiations with the largest retail and real estate company of Thailand – The Central Group. The family-controlled Central Group owns and operates stores of every possible format and product category under different brand names similar to what Reliance Retail is trying to do in India.