Canada $56 Billion Convenience Store Giant Alimentation Couche-Tard Sent Friendly Proposal to Buy 7-Eleven Store Chain $31 Billion Parent Seven & i Holdings
21st August 2024 | Hong Kong
Canada convenience store giant Alimentation Couche-Tard ($56 billion market value) had sent a friendly proposal (19/8/24) to buy 7-Eleven store chain $31 billion parent Seven & i Holdings. Alimentation Couche-Tard (19/8/24): “Alimentation Couche-Tard Inc. (“Couche-Tard” or the “Corporation”) (TSX: ATD), a global leader in convenience and mobility, today confirms that it recently submitted a friendly, non-binding proposal to Seven & i Holdings Co., Ltd., (“Seven & i”). The Company is focused on reaching a mutually agreeable transaction that benefits both companies’ customers, employees, franchisees and shareholders. There can be no certainty at this stage that any agreement or transaction will be reached. The Company does not anticipate issuing any further public statements regarding discussions with Seven & i unless or until an agreement is reached.”
“ Canada $56 Billion Convenience Store Giant Alimentation Couche-Tard Sent Friendly Proposal to Buy 7-Eleven Store Chain $31 Billion Parent Seven & i Holdings “
Alimentation Couche-Tard Inc. – Couche-Tard is a global leader in convenience and mobility, operating in 31 countries and territories, with more than 16,700 stores, of which approximately 13,100 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, Belgium, as well as in Ireland. It also has an important presence in Luxembourg, Germany, the Netherlands, Poland, as well as in Hong Kong Special Administrative Region of People’s Republic of China. Approximately 149,000 people are employed throughout its network.
About Seven & i Holdings – Seven & i Holdings Co., Ltd., headquartered in Chiyoda, Tokyo, is a Japanese diversified retail holding company listed on the Tokyo Stock Exchange Prime Market (3382). The Seven & i Group has a network of stores in 20 countries and regions with a focus on convenience stores, as well as superstores, specialty stores, and finance. The Group provides high-quality products and services to customers while “aiming to contribute to the local community in Japan and overseas by providing new experiences and values from the customers’ point of view.”
About 7-Eleven Inc – 7-Eleven is the premier name in the convenience-retailing industry with more than 84,000 stores in 20 countries and regions. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co., Ltd. with headquarters located in Irving, Texas, and Tokyo, Japan. 7-Eleven, Inc. operates, franchises and/or licenses more than 13,000 stores in the U.S.
Japan Retail Giant Seven & i Holdings Buy Australia 7-Eleven Store Chain for $1.1 Billion from Australia 7-Eleven Store Owners Withers & Barlow Family with 751 Stores, Seven & i Holdings Licensed 7-Eleven Franchise from United States Southland Corp in 1973 & Acquired the Company in 1991
1st December 2023 – Japan retail giant Seven & i Holdings has announced to buy Australia 7-Eleven store chain for $1.1 billion (AUD 1.71 billion) from the Withers & Barlow family (751 Stores). Seven & i Holdings had licensed the 7-Eleven franchise from Southland Corp (United States) in 1973, and acquired the company in 1991. 7-Eleven Australia: “Convenience Group Holdings Pty Ltd (7-Eleven Australia) to transition to new ownership – The Withers and Barlow families have accepted an offer from 7-Eleven International LLC (7IN) to acquire 100% of 7-Eleven Australia. 7IN is a joint venture of 7-Eleven Inc., and Seven-Eleven Japan and is responsible for the 7-Eleven brand’s global growth strategy. The 7-Eleven Australia business will be operated as a wholly owned subsidiary of 7IN, headquartered in Melbourne. The current management team will continue to lead the business under new ownership.” Seven & i Holdings: “ In March 2023, the Company adopted “A world-class retail group centered around its “food” that leads retail innovation through global growth strategies centered on the 7-Eleven business and proactive utilization of technology” as the new ideal group image for 2030. One of the essential initiatives for realizing the ideal group image for 2030 is the global CVS strategy. 7IN which operates global CVS business outside of Japan and North America aims to have 50,000 stores worldwide (excluding Japan and North America) by FY2025 and to expand to 30 countries/regions by FY2030. In particular, 7IN pursues profit growth by not only new market entry but also strategic investments in existing licensees for maximizing licensee growth potential through business transformation, including strengthening “food”, which has led to remarkable growth of SEI in the U.S. In addition, the Company decided to increase its investment in Vietnam business in February 2023, and is actively considering M&A including strategic investments in licensees to pursue accelerated profit growth in the global CVS business which has significant potential of growth. SEA’s subsidiary, 7-Eleven Stores Pty Ltd, as a licensee of the “7-Eleven” brand, has been operating convenience stores in Australia for many years. 7-Eleven Stores Pty Ltd is currently the largest convenience store retailer in Australia with a leading merchandise offering, targeted product range, and established loyalty program.”
About 7-Eleven International LLC – 7-Eleven International LLC is a joint venture between 7-Eleven Inc. and Seven-Eleven Japan, Co. Ltd. 7-Eleven International master franchises and/or licenses more than 46,000 stores in 16 countries and regions. The iconic brand will celebrate its 100th anniversary in 2027.
About 7-Eleven Inc – 7-Eleven is the premier name in the convenience-retailing industry with more than 84,000 stores in 20 countries and regions. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co., Ltd. with headquarters located in Irving, Texas, and Tokyo, Japan. 7-Eleven, Inc. operates, franchises and/or licenses more than 13,000 stores in the U.S., Canada, and Mexico. Seven-Eleven Japan, Co. Ltd. operates more than 21,000 stores throughout Japan. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes.
About Seven & i Holdings – Seven & i Holdings Co., Ltd., headquartered in Chiyoda, Tokyo, is a Japanese diversified retail holding company listed on the Tokyo Stock Exchange Prime Market (3382). The Seven & i Group has a network of stores in 20 countries and regions with a focus on convenience stores, as well as superstores, specialty stores, and finance. The Group provides high-quality products and services to customers while “aiming to contribute to the local community in Japan and overseas by providing new experiences and values from the customers’ point of view.”
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