A few days back, the future detail that manages the Big Bazar Group in India announced that its agreement ended its franchise agreement with the famous 7-eleven repair chain. And on Cue, Reliance Retail Ventures announced that it had entered a master franchise agreement with 7-eleven Inc.
The agreement sent by the subsidiary of the company 7-India Depanny Retail is to launch 7-eleven convenience stores in India. The first 7-eleze store is ready to open on October 9 in Andheri East, Mumbai.
According to a retail reliance statement, this will be followed by a quick deployment in key neighborhoods and commercial areas, throughout the Grand Mumbai Group to begin.
With the launch of 7-eleven stores, Reliance Retail, which is the largest retailer of the country, takes a step further in its path dominating the retail market.
The 7-eleven stores aim to provide buyers with a unique style of convenience, offering a range of drinks, snacks and specialties specifically designed to use local tastes, as well as the recharge of daily essential.
With a rapid expansion plan on the anvil, it is supposed to contribute significantly to local employment and the construction of the eco-system for practical foods.
The company will also support the retail trade on the implementation and location of the 7-eleven retail business model for India, including bringing processes and best practices in class.
Isha Ambani, Director, Reliance Retail Ventures said: “When confident, we are proud to offer the best to our customers and we are proud to bring 7-eleven, the confidence convenience store on a global scale, in India. 7-Eleven is one of the most emblematic global brands of the landscape of convenience. “
“India is the second largest country in the world and has one of the fastest growing economies. This is an ideal time for the world’s largest convenient retailer to enter India, “said the President of the SEI and the Director General Joe Depinto.
Based in Irving, Texas, Sei works, franchises and / or licensed more than 77,000 stores in 18 countries and regions, including 16,000 in North America.
For the report, Future Retail had signed a master franchise agreement with 7-eleven to operate convenience store stores in India. He announced that he would open his first store in India in 2020. But his own financial problems were paid to these plans.
Reliance Retail operates the largest retail company in India, with nearly 640 million steps in its 12,000 stores across the country.