Japanese retail giant 7&I Holdings issued a statement on the 6th saying that its 7-11 convenience store chain has closed all stores in India. According to Japanese media, 7-11 convenience stores withdrew from the Indian market due to loss to local competitors. 7&I Holdings confirmed in a statement that the Indian enterprise Reliance Retail Company closed all 31 7-11 convenience stores operating in Mumbai and Pune, India on September 30. Agence France-Presse quoted a 7&I Holdings spokesperson as reporting that after obtaining the relevant franchise, Reliance Retail opened India's first 7-11 convenience store in Mumbai in October 2021. At its best, it opened about 60 stores in India. 7&I Holdings did not explain why 7-Eleven convenience stores withdrew from India. However, according to “Yomiuri Shimbun” and other Japanese media reports, 7-Eleven convenience stores faced fierce competition from local retailers in India. 7&I Holdings said in a statement that it still plans to explore other possibilities to enter the Indian market in the long term.

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