STORY: It’s a mission to win over the Japanese public.
Executives from Canadian retailer Alimentation Couche-Tard took the stage in Tokyo on Thursday.
They’re trying to move forward a $47 billion bid to acquire Seven & i – the owner of the worldwide 7-Eleven convenience store chain.
Couche-Tard Chief Executive Alex Miller says they’re fed up being stonewalled by the Japanese firm, which has so far rejected the bid:
“But we just think the time to fully consider what we’re trying to do and the value that this creates for corporate governance, transparency, the time is now. The time is now to engage.”
7-Eleven is an institution in Japan, seemingly present in every neighborhood.
That has seen consumer concern that a Couche-Tard takeover could threaten the quality of beloved products like rice balls.
Now the Tokyo visit is part of a charm offensive that also includes a website in Japanese and English extolling the benefits of a takeover.
The Circle K owner also downplayed worries that U.S. competition watchdogs could veto the deal.
That’s a concern raised by Seven & i, which notes the two firms combined would dominate the U.S. convenience store market.
Miller says that can be addressed with a plan to sell some outlets:
“We believe there’ll be significant interest in what we are doing and in that divestiture package. We will stand that up with world class management, world class infrastructure and really high quality sites inside of what we’ve worked, put the package together.”
Now Couche-Tard says it could lift its offer, if Seven & i shares more details on its finances.
A Reuters source says that’s something the Japanese firm won’t do until it gets more detail on the store divestment plans.
If a deal does go ahead it will mark the biggest-ever takeover of a Japanese firm by a foreign group.
Alimentation Couche-Tard, Alex Miller, Japanese firm
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![Pinterest](https://pinterest.com/pin/create/button/?url=https://oolanews.com/world/couche-tard-tries-sell-japan-073612816-html/&media=https://oolanews.com/wp-content/uploads/2025/03/Couche-Tard-tries-to-sell-Japan-on-the-idea-of-7-Eleven.jpeg&description=STORY: It’s a mission to win over the Japanese public. Executives from Canadian retailer Alimentation Couche-Tard took the stage in Tokyo on Thursday. They’re trying to move forward a $47 billion bid to acquire Seven & i - the owner of the worldwide 7-Eleven convenience store chain. Couche-Tard Chief Executive Alex Miller says they’re fed up being stonewalled by the Japanese firm, which has so far rejected the bid: “But we just think the time to fully consider what we're trying to do and the value that this creates for corporate governance, transparency, the time is now. The time is now to engage."7-Eleven is an institution in Japan, seemingly present in every neighborhood.That has seen consumer concern that a Couche-Tard takeover could threaten the quality of beloved products like rice balls. Now the Tokyo visit is part of a charm offensive that also includes a website in Japanese and English extolling the benefits of a takeover. The Circle K owner also downplayed worries that U.S. competition watchdogs could veto the deal. That’s a concern raised by Seven & i, which notes the two firms combined would dominate the U.S. convenience store market. Miller says that can be addressed with a plan to sell some outlets: "We believe there'll be significant interest in what we are doing and in that divestiture package. We will stand that up with world class management, world class infrastructure and really high quality sites inside of what we've worked, put the package together.”Now Couche-Tard says it could lift its offer, if Seven & i shares more details on its finances. A Reuters source says that’s something the Japanese firm won’t do until it gets more detail on the store divestment plans. If a deal does go ahead it will mark the biggest-ever takeover of a Japanese firm by a foreign group.){kind=link}