Latest news with #AlimentationCoucheTard
Globe and Mail
11 hours ago
- Business
- Globe and Mail
This ETF Gives You an Easy Way to Invest in Top Canadian Growth Stocks
Do you want to invest in some of the best Canadian growth stocks but don't know how to decide? You may want to consider investing in the iShares Canadian Growth Index ETF (TSX:XCG). Through this exchange-traded fund (ETF), you'll get exposure to some of the best growth stocks in Canada, including Shopify (TSX:SHOP)(NASDAQ:SHOP), Dollarama (TSX:DOL), and Alimentation Couche-Tard (TSX:ATD). These are all among the ETF's top 10 holdings. Unlike many other growth-focused ETFs, tech isn't the top sector in this fund. Instead, industrials make up the largest position at 31% of the ETF's total, followed by tech at 21%, and financials at 10%. There are 35 holdings in this fund which means it isn't as diverse as other ETFs, but that's not necessarily a bad thing. In ETFs that contain thousands of stocks, that amounts to a very small position in the vast majority of stocks. With this ETF, however, most stocks account for at least 1% of the fund's total weight, which means you can benefit more from their growth and rising value more than you would in a larger and much broader ETF. The fund charges an expense ratio of 0.55%, which is comparable to other funds. It also yields around 0.5%, which isn't a whole lot, but this is an ETF that's primarily going to appeal to growth rather than dividend investors anyway. Since the start of year, the ETF has risen by more than 6% and over the past five years, it has increased by nearly 60% in value. If you're a growth investor, this is a fund you'll want to consider holding in your portfolio.
Forbes
02-06-2025
- Business
- Forbes
Ito Family's Seven & i Gets Back To Basics To Ward Off $47 Billion Takeover Bid From Circle K Owner
KAZUHIRO NOGI/AFP via Getty Images This story is part of Forbes' coverage of Japan's Richest 2025. See the full list here. Facing activist investors and an unsolicited bid of nearly $50 billion from Canadian retailer Alimentation Couche-Tard (ACT), Seven & i Holdings, owner of the 7-Eleven convenience store chain, announced measures in March to improve profitability. ss They include a ¥2 trillion ($14 billion) share buyback through 2030; plans to list its U.S. 7-Eleven stores in 2026; and the sale of non-core retail assets to U.S. PE firm Bain Capital for ¥815 billion. Ito family heir, Junro, son of late founder Masatoshi, was promoted to chairman from vice president and retail veteran Stephen Dacus was brought on board as the company's first non-Japanese CEO. The $69 billion in revenue ACT, which has about 17,000 Circle K and other stores globally, was reported to have initially made a $39 billion bid for Seven & i last August before revising it upward in January. Seven & i, which had roughly 87,000 outlets worldwide and revenue of nearly ¥12 trillion in the year through February, rejected the improved offer but in May agreed to open its books to ACT. Any deal would be one of the largest foreign takeovers of a Japanese company.
Globe and Mail
29-05-2025
- Business
- Globe and Mail
Alimentation Couche-Tard: A Strong Player in the Convenience Store Market
Explore the exciting world of Alimentation Couche-Tard (OTC: ANCT.F) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of April 23, 2025. The video was published on May 29, 2025. Should you invest $1,000 in Alimentation Couche-Tard right now? Before you buy stock in Alimentation Couche-Tard, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alimentation Couche-Tard wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Anand Chokkavelu, CFA has no position in any of the stocks mentioned. Dan Caplinger has no position in any of the stocks mentioned. Jim Gillies has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alimentation Couche-Tard. The Motley Fool has a disclosure policy.
NHK
28-05-2025
- Business
- NHK
Seven & i shareholders approve first foreign president
Shareholders of Japanese retail giant Seven & i Holdings have approved the appointment of Stephen Dacus as its new president. He becomes the first foreigner to lead the company. The operator of the 7-Eleven convenience store chain held a shareholders' meeting in Tokyo on Tuesday. Seven proposals put forward by the board were approved. They include the appointment as chairman of Ito Junro, a member of the group's founding family. One shareholder asked how the firm will deal with a buyout proposal from Alimentation Couche-Tard. Seven & i is seeking to fend off the takeover bid from the Canadian company, which runs convenience-stores in North America. Seven & i has said it plans to sell off non-core businesses and focus on convenience stores to improve corporate value on its own. One shareholder from Saitama said after the meeting "I think the company needs to work hard under the new president to survive intensifying competition." Another participant from Chiba said " We were informed about what is going on with Alimentation Couche-Tard, so shareholders are getting a clearer picture." Dacus is a former CEO of Japanese supermarket chain, Seiyu. He has pledged to expand the 7-Eleven network outside Japan to boost profits.
NHK
21-05-2025
- Business
- NHK
Seven & i plans to sell partial stake in Seven Bank to Itochu
The Japanese operator of the 7-Eleven convenience store chain is planning to sell part of its bank unit to major trading firm Itochu. The plan by Seven & i Holdings is part of its strategy to focus on its core convenience-store business as it faces a takeover proposal. The bid comes from Alimentation Couche-Tard, the operator of Canada's leading convenience-store chain. Sources say that Seven & i is making arrangements to sell part of its 46-percent stake in Seven Bank to Itochu. The shares involved come with voting rights. The two firms are expected to determine the size of the stake through discussions. Seven & i aims to lower the ratio to under 40 percent, which would allow it to remove the bank from the group's consolidated accounting statements. Seven Bank operates ATMs mainly at 7-Eleven stores. Itochu has the FamilyMart convenience-store chain under its umbrella. The ATMs in those stores are outsourced. The trading firm may replace the machines with those of Seven Bank.
