Future Retail inks pact to bring convenience store chain 7-Eleven to India

Roy said the small-retail environment, including kiranas, could get modernised with the entry of 7-Eleven

Putting all speculation to rest, the world’s largest convenience store chain 7-Eleven on Thursday said it was launching in India through a franchise arrangement with Future Retail. The plan included setting up stores, which would roll out this year, with the help of master franchisee SHME Food Brands, an arm of Future Retail.

In a statement to the stock exchanges, Future Retail said its board had approved execution of the master franchisee agreement with 7-Eleven, pitting the latter against conventional grocery retail chains such as DMart and Reliance Smart at one end and round-the-clock chains such as 24Seven, promoted by