Future Retail eyes 8 stores of 7-Eleven in Mumbai in phase one of expansion

The group is looking at two formats of the convenience store

The world’s largest convenience store chain 7-Eleven will have eight outlets in the first phase of launch in India, said Future Group Chief Executive Officer Kishore Biyani.

According to Biyani, all outlets of 7-Eleven in the first phase would be set up in Mumbai, with the group looking at two retail formats of the chain. The first store is expected to be launched shortly. Last month, 7-Eleven had signed a franchise agreement with Future Retail subsidiary SHME Food Brands. The latter had acquired 100 per cent equity share capital of SHME, a trading and distribution company, making the firm its subsidiary. 

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