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7-Eleven brings taste of Japanese convenience to India

First store to open this year under franchise deal with Future Group

A 7-Eleven convenience store in Tokyo. Seven & i Holdings will bring the model to India through a franchise agreement with local retail conglomerate Future Group. (Photo courtesy of 7-Eleven Japan)

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.

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