MUMBAI -- Seven & i Holdings will open Japanese-style 7-Eleven convenience stores in India this year, seizing an opening in a massive market dominated by mom-and-pop retailers as growth slows in Japan.
U.S. unit 7-Eleven has signed a franchise agreement with a subsidiary of Future Retail, part of India's Future Group, Seven & i said Thursday. While the total number of stores has yet to be determined, Future Group founder and CEO Kishore Biyani said in a TV interview that the first will be located in Mumbai.
