On this page
Reliance Retail and 7-Eleven end India franchise deal, closing most of nearly 60 stores after a ~₹90 crore loss
Reliance Retail's venture with 7-Eleven earned revenue of about ₹92 crore in the year ended March 2026, against a net loss of nearly ₹90 crore. The five-year franchise deal, struck in 2021, is ending.
Get the 07:30 IST India retail brief
One email each morning: the day’s top moves in Indian retail, why each matters and what to watch. Free. Stop any time.
The numbers
Figures from ET Small Business,
| FMCG sales from small neighbourhood stores: | roughly three-fourths |
|---|---|
| Seven & i Holdings global stores: | more than 85,000 |
Why it matters to operators and investors
The wind-down of a five-year foreign-brand franchise after one cycle shows that licensing a global convenience banner does not solve India's kirana-density problem, so future deals should favour partnering with or enabling existing neighbourhood stores, or include staged commitments and clear exit triggers.