Canadian Owner of Circle K Makes a Move to Acquire 7-Eleven

Canada’s Alimentation Couche-Tard has reportedly approached Japan’s Seven & i Holdings, the proprietor of 7-Eleven, a couple of potential takeover valued at around $38 billion. 7-Eleven is the world’s largest comfort retailer chain, with greater than 13,000 places in North America and over 83,000 worldwide. If profitable, the acquisition can be the largest-ever overseas buyout of a Japanese firm.

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7-Eleven, ranked #25 within the 2024 Franchise 500, has been owned by Japan’s Seven & I Holdings since 2005. Couche-Tard, which operates Circle K convenience shops, confirmed that it had submitted a proposal to amass all excellent shares of Seven & i. Nonetheless, the Japanese company has not but decided and has fashioned a particular committee to assessment the provide.

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Couche-Tard, based in 1980, has grown from a single retailer in Quebec to a world community of comfort shops and fuel stations, largely by way of acquisitions. Circle Ok, ranked #56 on the 2024 Franchise 500, operates greater than 12,000 franchises worldwide.

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7-Eleven, the #3 Retail Franchise on the 2024 Franchise 500, lately announced its plans to make Japanese-inspired adjustments within the U.S., together with upgrading its U.S. commissaries — 17 “hub” kind places across the nation that make meals for all its U.S. shops — and partnering with Japanese suppliers to supply a broader vary of recent meals choices. It is unclear how the potential sale would impression these plans.

Learn Extra: Reuters