7-Eleven Shuts All 31 India Stores As Reliance Retail Partnership Ends But Japanese Owner Eyes Comeback
Global convenience store chain 7-Eleven has closed all its remaining stores in India, ending its current retail operations in the country nearly five years after entering the market through a partnership with Reliance Retail. Seven & i Holdings, the Japanese owner of 7-Eleven, confirmed on Tuesday that Reliance, its master franchisee in India, closed all 31 stores operating in Mumbai and Pune on…
7-Eleven, the global convenience store chain, has shut down all 31 of its stores in India, ending its partnership with Reliance Retail after nearly five years. The Japanese owner, Seven & i Holdings, confirmed the closure on Tuesday, noting that Reliance closed the stores on September 30 in Mumbai and Pune. Seven & i Holdings had entered India through a licensing agreement with Reliance Retail and had initially opened its first store in Mumbai in October 2021, expanding to around 60 outlets at its peak.
Intense competition from local Indian retailers, as reported by Japanese newspapers Nikkei and Yomiuri, is said to be the reason for the closure. Despite the closure, Seven & i Holdings indicated they still intend to serve Indian consumers and explore new avenues for their presence in the country. Rival Lawson plans to enter the Indian market with its first store in 2027, potentially adding another major global convenience store brand to the country's retail scene.
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