7-Eleven, Inc. Signs Master Franchise Agreement with Future Retail Ltd to Operate 7-Eleven® Stores within India
Retailer anticipates first store will open in 2019
IRVING, Texas, Feb. 28, 2019 /PRNewswire/ -- 7-Eleven, Inc., the world's largest convenience retailer with more than 67,000 stores worldwide, has signed a master franchise agreement with a subsidiary of Future Retail Ltd to develop and operate 7-Eleven® stores within India. The expansion marks the company's first entry into India.
The first 7-Eleven convenience store in India is expected to open in 2019. The new master franchisee plans to build 7-Eleven® stores as well as convert some of its existing locations to the 7-Eleven brand. 7-Eleven's entry into the country will modernize the small-retail environment and bring greater convenience to shoppers.
Internationally popular products, beverages, snacks and immediately consumable fresh foods with recipes developed for local tastes will be part of the initial convenience offering.
"7-Eleven, Inc. is among the most iconic global brands in the food retail landscape. We are proud to bring this globally trusted convenience store to India and build new pathways together that will offer Indian customers greater convenience and choices, within their own neighborhood," said Mr. Kishore Biyani, Founder & Group CEO, Future Group.
7-Eleven will support Future Retail Ltd to implement and localize the unique 7-Eleven business model. "This strategic relationship offers an excellent opportunity to bring 7-Eleven's brand of convenience and its iconic products to the Indian consumer," added 7-Eleven, Inc. SVP and Head of International Ken Wakabayashi.
India will be the newest country or region where 7-Eleven® stores operate; currently including the United States, Canada, Mexico, Japan, Thailand, South Korea, Taiwan, China, Hong Kong, Macau, The Philippines, Australia, Singapore, Malaysia, Viet Nam, United Arab Emirates, Norway, Sweden and Denmark.
About 7-Eleven, Inc.
7‑Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7‑Eleven operates, franchises and/or licenses more than 67,000 stores in 17 countries, including 11,800 in North America. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers and hot chicken sandwiches. 7-Eleven offers customers industry-leading private brand products under the 7-Select® brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7-Eleven for bill payments, self-service lockers and other convenient services. Find out more online at www.7-Eleven.com, via the 7Rewards® customer loyalty platform on the 7-Eleven mobile app, or on social media at Facebook, Twitter and Instagram.
About Future Group
Future Group is guided by the principle of 'Rewrite Rules, Retain Values' in shaping the consumption space in India. It offers more than 80 brands in fashion, footwear, FMCG, food and homeware segments that contribute almost half of its sales through the retail chains forming part of its network. Big Bazaar, Central, EasyDay, Foodhall, Brand Factory, Nilgiris, Heritage Fresh, fbb and WH Smith in India are owned and operated by the organizations within Future Group and these collectively attract over 500 million customers visits annually.
SOURCE 7-Eleven, Inc.
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