Future Retail has received approval for execution of master franchise agreement by its subsidiary SHME Food Brands (SHME) with 7-Eleven, Inc., to develop and operate 7 Eleven stores within India. Together with SHME, the company has also executed the agreement as confirming party and Controlling Principal.
Prior to the above, the company has acquired the entire equity share capital of SHME Food Brands from its existing shareholders. Consequent to this acquisition, SHME has become subsidiary of the Company with effect from February 28, 2019.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4404.00 |
| Trent | 4244.05 |
| Vishal Mega Mart | 123.90 |
| Aditya Birla Lifesty | 113.95 |
| PN Gadgil Jewellers | 728.70 |
| View more.. | |
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