Reliance Retail readies to open 1st 7-Eleven store in India

Iconic brand seen challenging local 'kirana' and other small businesses

Reliance Industries looks to make 7-Eleven convenience stores a new retail model in India. (Source photos by Maho Obata, AP and screenshot from Reliance Industries Limited's website)

KIRAN SHARMA, Nikkei staff writer

October 7, 2021 17:46 JST

Updated on October 7, 2021 19:00 JST

NEW DELHI -- India is set to get its first 7-Eleven store as the retail arm of Reliance Industries has finalized a franchise agreement with the Japanese 24/7 convenience store.

The development comes two days after Future Retail announced the end of a 2019 deal with 7-Eleven Inc. over disagreements regarding the target for opening stores in India and franchise payments.