According to a report in “Japan Today” on the 7th, Japanese retail giant 7&I Holdings issued a statement on the 6th saying that its convenience store chain 7-11 has closed all stores in India. According to Japanese media, the brand withdrew from the Indian market because it was difficult to resist fierce competition from local retailers in India. According to India's “Economic Times”, as of March this year, India's 7-Eleven achieved revenue of about 920 million rupees and a net loss of nearly 900 million rupees. A statement issued by 7&I Holdings confirmed that the Indian enterprise Reliance Retail Company closed all 31 7-11 convenience stores operating in Mumbai and Pune, India on September 30.

According to a report in “Japan Today” on the 7th, Japanese retail giant 7&I Holdings issued a statement on the 6th saying that its convenience store chain 7-11 has closed all stores in India. According to Japanese media, the brand withdrew from the Indian market because it was difficult to resist fierce competition from local retailers in India. According to India's “Economic Times”, as of March this year, India's 7-Eleven achieved revenue of about 920 million rupees and a net loss of nearly 900 million rupees. A statement issued by 7&I Holdings confirmed that the Indian enterprise Reliance Retail Company closed all 31 7-11 convenience stores operating in Mumbai and Pune, India on September 30.