Reliance Retail to roll out 7-Eleven stores in India
- ByManjeet Singh | October 7, 2021
A master franchise agreement has been signed between Reliance Retail Ventures Limited and 7-Eleven, Inc. through its wholly owned subsidiary 7-India Convenience Retail Limited. The first 7-Eleven store will open in Andheri East, Mumbai, on Saturday, October 9. After that, key neighbourhoods and business areas across greater Mumbai will see rapid rollouts.
A deal between 7-Eleven and Future Retail was previously finalized, but was terminated recently. As reported by The Hindu Businessline on Wednesday, 7-Eleven is still interested in entering the Indian market. A legal battle with Amazon is stymieing Reliance-Future Retail’s deal with 7-Eleven.
Isha Ambani, Director, Reliance Retail Ventures Limited, said, “At Reliance, we pride ourselves in offering the best to our customers and we are proud to bring 7-Eleven, the globally trusted convenience store, to India. 7-Eleven is among the most iconic global brands in the convenience retail landscape. The new pathways we build together with SEI will offer Indian customers greater convenience and choices within their own neighborhoods.”
“India is the second largest country in the world and has one of the fastest-growing economies. It’s an ideal time for the largest convenience retailer in the world to make our entry into India,” said SEI President and Chief Executive Officer Joe DePinto. “Our strategic relationship with Reliance Retail Ventures will bring 7-Eleven’s brand of convenient products and services to millions of Indian consumers starting in the city of Mumbai.”
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