Mukesh Ambani Set To Launch India's First 7-Eleven Convenience Store In Mumbai
- Swetha Jain
- Oct 9, 2021
- 1 min read
Mukesh Ambani Set To Launch India's First 7-Eleven Convenience Store In Mumbai
If you have travelled abroad you are for sure to have a look at these stores at some point of time, now these stores will be entering the Indian market.
Dallas-based 7-Eleven Inc (SEI) has signed an agreement with Reliance Retail Ventures (RRV) to launch convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.
Reliance Industries, the retail arm of Asia's richest man Mukesh Ambani is set to open 7-Eleven Inc.'s convenience stores in India, with the first store to be set in Mumbai on Saturday, October 9.
Reliance Retail Ltd. secured the pact 7-Eleven Inc (SEI) just days after rival supermarket operator Future Retail Ltd. ended its deal with one of the world's biggest convenience US chains.
According to BBC, Reliance Retail Ventures has a turnover of $21bn (£15.5bn) and is the largest and the most profitable retailer in the country. Ambani, on the other hand, has an estimated net worth of $99bn.
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