In this case, france became a military regime, and allied itself with Benit Mussolini‘s Italy, and was then forced into the Rome-Berlin-Paris axis
But one of Hitler's drivers was to get revenge on and humiliate France - hence insisting on signing the armistice it the WW1 site, setting the armistice terms more or less the same as had been imposed on Germany.
There's probably scope for a Molotov-Ribbentrop style arrangement, but that would need justification of what it's supposed to achieve. Bear in mind that Italy and Spain weren't exactly pro-nazi despite being fascist states, right wing militarist or fascist France may well still be very anti-nazi or anti-German.
It's probably more realistic to see a fascist France working more closely with Italy, and Britain accepting them both as allies against nazism (since OTL Britain wanted Italy on board if possible). A more militaristic France would likely be more opposed to German remilitarisation and slap down breaches of the Treaty, with the added confidence of Italian pressure on Austria. So fascist France could well lead to Hitler as an annoying wannabe who got sidelined gor his extremism.