Hardeep Singh, founder of Vulcan Express who had joined Future Group last year after the acquisition of his company, has been entrusted with the responsibility of spearheading the 7-Eleven retail stores business. Future Group had recently signed a deal with 7-Eleven retail stores, world’s largest convenience store chain, becoming its master franchisee in India.
In a recent comment, Kishore Biyani, CEO of Future Group, said that the growth and expansion of 7-Eleven “will be a critical part of growing our food and FMCG brands and bringing new services, formats and conveniences for our customers. An effective supply chain and distribution setup will define the future of a retail format like 7-Eleven.”
The group has planned to establish 7-Eleven stores in the urban neighbourhood offering food and other customer services. 7-eleven stores currently operate over 67,000 stores across the world and had clocked nearly $100 billion in revenue last year.