Future Retail, 7-Eleven call off franchise agreement
3 years, 2 months ago

Future Retail, 7-Eleven call off franchise agreement

Hindustan Times  

Future Retail Ltd and 7-Eleven, the world’s largest convenience store chain, have terminated an agreement to open small-format shops across India’s top cities without opening a single store. In a stock exchange filing on Tuesday, Future Retail said the termination of the over two-year-old master franchise agreement was with “mutual consent” as Future7-India Convenience Ltd could not meet store opening targets and pay franchisee fees. In February 2019, Future Retail signed a master franchise agreement with 7-Eleven to develop and operate convenience stores. In its stock exchange filing, Future Retail said the master franchise stands terminated after executing the mutual termination agreement on October 5.

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Reliance Retail to Launch 7-Eleven Stores in India, Starting with Mumbai
3 years, 2 months ago

Reliance Retail to Launch 7-Eleven Stores in India, Starting with Mumbai

News 18  

The 7-India Convenience Retail Limited, a fully-owned subsidiary of Reliance Retail Ventures Limited, has inked an agreement with US-headquartered 7-Eleven, Inc for the launch of 7-Eleven convenience stores in India. The new pathways we build together with SEI will offer Indian customers greater convenience and choices within their own neighbourhoods.” In a similar vein, Joe DePinto, SEI President and Chief …

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