Days after breaking its partnership with Future Group, Dallas based mostly 7-Eleven Inc (SEI) signed an settlement with Reliance Retail Ventures (RRV) to launch comfort shops in India.
The primary 7-Eleven retailer will open on Saturday in Andheri, Mumbai.
In an announcement, RRV stated it is going to rollout 7-Eleven shops in key neighbourhoods and industrial areas, throughout the Better Mumbai cluster to start out with.
With the launch of 7-Eleven shops, RRVL takes a step additional in its journey of providing a superior purchasing expertise and compelling worth proposition to Indian prospects. The 7-Eleven shops intention to offer consumers with a novel type of comfort, providing a spread of drinks, snacks and delicacies particularly curated to enchantment to native tastes, together with a refill of each day necessities. With a speedy enlargement plan on the anvil, it’s anticipated to be a big contributor to native employment and constructing the eco-system for handy meals. SEI may also help RRVL in implementing and localizing the distinctive 7-Eleven comfort retail enterprise mannequin for India, together with bringing finest at school processes and practices.
Isha Ambani, director, Reliance Retail Ventures Restricted, stated, “At Reliance, we pleasure ourselves in providing one of the best to our prospects and we’re proud to carry 7-Eleven, the globally trusted comfort retailer, to India. 7-Eleven is among the many most iconic world manufacturers within the comfort retail panorama. The brand new pathways we construct along with SEI will provide Indian prospects larger comfort and selections inside their very own neighborhoods.”
“India is the second largest nation on this planet and has one of many fastest-growing economies. It’s a great time for the most important comfort retailer on this planet to make our entry into India” stated SEI President and Chief Govt Officer, Joe DePinto. “Our strategic relationship with Reliance Retail Ventures will carry 7-Eleven’s model of handy services to hundreds of thousands of Indian shoppers beginning within the metropolis of Mumbai.”