US-based convenience store retailer 7‑Eleven, Inc. has signed a master franchise agreement with a subsidiary of India’s Future Retail Ltd to develop and operate 7‑Eleven stores within India. The first 7‑Eleven convenience store in India is expected to open this year. The new master franchisee plans to build 7‑Eleven stores as well as convert some of its existing locations to the 7‑Eleven brand.
“7‑Eleven, Inc. is among the most iconic global brands in the food retail landscape. We are proud to bring this globally trusted convenience store to India and build new pathways together that will offer Indian customers greater convenience and choices, within their own neighbourhood,” said Kishore Biyani, founder & group CEO, Future Group.
7‑Eleven will support Future Retail Ltd to implement and localize the unique 7‑Eleven business model. “This strategic relationship offers an excellent opportunity to bring 7‑Eleven’s brand of convenience and its iconic products to the Indian consumer,” added 7‑Eleven, Inc. SVP and Head of International Ken Wakabayashi.