Reliance Closes All 7-Eleven Stores in India
· Business · asia.nikkei, Nikkei Asia
Reliance Industries has shut down all 7-Eleven convenience stores across India, ending its high profile retail partnership with the American chain. The retail giant decided to pull the plug on the brand after evaluating market performance and consumer demand. The first 7-Eleven store in India had opened in Mumbai with much fanfare just a few years prior. The closure marks a strategic shift in Reliance's retail portfolio as it refocuses on other formats.
Why it matters
Indian consumers lose access to the global convenience store chain as Reliance exits the partnership to realign its retail strategy.
Read the original report — asia.nikkei
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