Why is Mukesh Ambani’s Reliance Partnering with 7-Eleven Store chain? : Business strategy case study
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On 7th of October 2021, Reliance Industries formally announced that Reliance retail has participated in a master franchise arrangement with the 7-Eleven company for launch of 7-Eleven convenience shops in India and this offer has taken the market by such a tornado that the stocks of Reliance increased by 1.5% and while every information channel has been revealing this deal over and over again none actually told us why is this collaboration such a huge bargain? In this episode today, allows attempt to recognize What is story of the extraordinary Seven Eleven firm?
Why is this collaboration such a huge deal for the Indian retail transformation?
This is a tale that goes back to 1974, when an American firm named Southland firm which already owned a chain of connivence shop in American chosen to prolong its chains in the Japanese market! and also in the next 30 years, this business came to be so effective it had 11310 stores in Japan alone and also had a sales of 22 billion dollars. Now this begs the concern exactly how did a little connivence shop chain ended up being a billion dollar firm? Well as it ends up the master mind behind this unbelievable development of seven 11 was a male called Toshifumi Suzuki! as well as this episode explains the strategy in depth!
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Why 7-eleven fallen short in Indonesia
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