Bengaluru: Retail Sleeve Reliance Industries Ltd.
said on Thursday it had entered the franchise agreement with 7-Eleven Inc.
to launch shops in India, the day after the Future Retail Ltd ended US transactions with US chains.
The first 7-Eleven Store arranged to open in the financial capital of India, Mumbai, on October 9, said Reliance Retail Ventures Ltd.
Earlier this week, retail of the future said the agreement with the 7-Eleven Inc., to develop and operate a single-hour clock in India in India, was stopped convincingly because the company could not meet the opening shop target and the payment of franchisee fees.
The future group has agreed to sell his retail assets to Mukesh Reliance Reliance billionaire, but the agreement reached obstacles after Amazon challenged him.
The future says it will bear the compensation “unimaginable” if the transaction is not passed.
Reliance retail to launch a 7-Eleven store in India
