Immediately after Future Retail announced the termination of agreement with 7-eleven, Reliance Retail announced a similar Master Franchise Agreement to launch 7-Eleven Convenience stores in India.
Further interesting is the fact, that the 1st store is getting opened within the next 2 days, i.e., October 9, 2021 in Andheri East, Mumbai.
Sequence of events clearly point towards restructuring of 7-Eleven business due to the ongoing legal complications in the Reliance takeover of the Future business. However, there is nothing wrong with that.
For ease of reference – Irving, Texas-based 7-Eleven Inc, known for its iconic products including the Slurpee, operates and franchises more than 77,000 stores in 18 countries and regions.