Khaitan & Co advised Future Retail Limited on the deal
7-Eleven, Inc. Signs Master Franchise Agreement with Future Retail Ltd to Operate 7-Eleven® Stores within India.
This will mark the convenience retailer’s entry into India.
Under the agreement, Future Retail will set up 7-Eleven stores, and will also convert some of its existing operations into the US brand.
7-Eleven, Inc. engages in operating, franchising, and licensing convenience store chains primarily in the United States and Canada.
Future Retail Limited owns and operates supermarkets and hypermarkets. The Company, led by Kishore Biyani, Rakesh Biyani and Craig Wimsatt offers consumer durable goods, fashion, food, electronics, and other products. In 2017, Future Retail recorded $2.605 Billion revenues.
Khaitan & Co advised Future Retail Limited in relation to execution of master franchise agreement with a team including Haigreve Khaitan (Picture), Mehul Shah (Partner), Vivek Sriram (Partner), Suditi Surana (Associate) and Shivam Arora (Associate) with assistance from Vinita Krishnan (Partner) on tax related aspects.
Law Firms: Khaitan & Co.;
Clients: Future Retail Ltd;