7-Eleven looks to Indian market

7-Eleven, the world’s largest convenience store chain, is reportedly in advanced talks with the Kishore Biyani-owned retail company Future Group for entering one of the fastest-growing retail markets.

If the deal goes through, the Mumbai-based firm will be opening and operating small format 7-Eleven stores in India as a master franchisee.

Owned by Japan’s Seven & i Group, 7-Eleven runs more than 67,000 stores in 17 countries through franchise or licensing agreements. These small format convenience stores stock goods for daily use like packaged food, beverages, personal care products and utility items.

If the plan goes ahead, 7-Eleven, the Irvin, Texas-headquartered chain, could be competing with home-grown convenience store chains like Twenty Four Seven and In & Out.

Source: Indianretailer.com