Japanese-owned and Irving, TX-headquartered American convenience retailer, 7-Eleven, signed a franchise agreement with India's Future Retail to operate its stores in India. Future Retail's subsidiary, SHME Food Brands, will launch the stores this year. "7-Eleven is among the most iconic global brands in the food retail landscape. We are proud...
Amazon to Buy Stake in India's Future Retail
Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...