Latest news with #Couche-Tard
Mint
5 days ago
- Business
- Mint
The Billion-Dollar Battle to Own 7-Eleven
Bloomberg Published 30 May 2025, 08:57 AM IST (Bloomberg) -- 7-Eleven convenience stores perfected their model in Japan, where diverse, fresh-food offerings attract locals and tourists alike. But the company, which had its start long ago in the US, has struggled to replicate that success elsewhere—particularly in the country where it was born. Now a new player believes it can do a better job at creating a global convenience store empire. Canadian company Couche-Tard, owner of Circle K stores, has made an unsolicited bid to buy Seven & i Holdings, the parent of 7-Eleven. On the Bloomberg Originals mini-documentary Why There's a Battle to Own 7-Eleven, we discuss how the famous chain had its start and why its Japanese locations are so different from those in the US. The proposed deal for the convenience store chain would be the biggest foreign takeover of a Japanese company in history. But residual resistance to foreign corporations, and 7-Eleven's place in modern Japanese culture, could make the deal a hard sell. Still, while Seven & i has been slow to engage with Couche-Tard, it recently signed a non-disclosure agreement to share financial data. In Why There's a Battle to Own 7-Eleven, we show how a complicated dance of shipping and supply enable Japanese 7-Eleven stores to stock fresh food in a way that isn't the case in the US. And while American 7-Eleven stores have been trying to up their game, that country's geography and different ownership structures may mean stores there—and elsewhere—will have a hard time emulating the Japanese model. To see more Bloomberg Originals video documentaries, click the latest videos from Bloomberg Originals here. More stories like this are available on
Cision Canada
6 days ago
- Business
- Cision Canada
ALIMENTATION COUCHE-TARD TO RELEASE RESULTS FOR ITS FOURTH QUARTER AND FISCAL YEAR 2025 ON JUNE 25, 2025 Français
LAVAL, QC, May 28, 2025 /CNW/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) will release its financial results for its fourth quarter and fiscal year 2025 on Wednesday, June 25, 2025, after the close of the TSX. A conference call to discuss these results will be held on Thursday, June 26, 2025, at 8:00 A.M. (EDT), featuring Alex Miller, President and Chief Executive Officer and Filipe Da Silva, Chief Financial Officer, who will answer live questions from analysts. Financial analysts, investors, media, and other interested parties are invited to join the webcast on June 26 at 8:00 A.M. (EDT). A presentation will include slides detailing the quarterly and fiscal year results. The webcast can be accessed via the " Investors/Events & presentations" section on the Corporation's website or directly via this link to join the call without operator assistance. To join the conference call by phone, please dial 1-289-819-1299 or 1-800-990-4777 (International). Rebroadcast: A recording of the webcast will be available on the Corporation's website for 90 days. About Alimentation Couche-Tard Inc. Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with close to 17,000 stores, of which approximately 13,000 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 the People's Republic of China. Approximately 149,000 people are employed throughout its network. For more information on Alimentation Couche-Tard Inc., or to consult its audited annual Consolidated Financial Statements, unaudited interim condensed consolidated financial statements and Management Discussion and Analysis, please visit: SOURCE Alimentation Couche-Tard Inc.
Yahoo
6 days ago
- Business
- Yahoo
ALIMENTATION COUCHE-TARD TO RELEASE RESULTS FOR ITS FOURTH QUARTER AND FISCAL YEAR 2025 ON JUNE 25, 2025
LAVAL, QC, May 28, 2025 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) will release its financial results for its fourth quarter and fiscal year 2025 on Wednesday, June 25, 2025, after the close of the TSX. A conference call to discuss these results will be held on Thursday, June 26, 2025, at 8:00 A.M. (EDT), featuring Alex Miller, President and Chief Executive Officer and Filipe Da Silva, Chief Financial Officer, who will answer live questions from analysts. Financial analysts, investors, media, and other interested parties are invited to join the webcast on June 26 at 8:00 A.M. (EDT). A presentation will include slides detailing the quarterly and fiscal year results. The webcast can be accessed via the " Investors/Events & presentations " section on the Corporation's website or directly via this link to join the call without operator assistance. To join the conference call by phone, please dial 1-289-819-1299 or 1-800-990-4777 (International). Rebroadcast: A recording of the webcast will be available on the Corporation's website for 90 days. About Alimentation Couche-Tard Inc. Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with close to 17,000 stores, of which approximately 13,000 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 the People's Republic of China. Approximately 149,000 people are employed throughout its network. For more information on Alimentation Couche-Tard Inc., or to consult its audited annual Consolidated Financial Statements, unaudited interim condensed consolidated financial statements and Management Discussion and Analysis, please visit: View original content to download multimedia: SOURCE Alimentation Couche-Tard Inc. Sign in to access your portfolio
Kyodo News
7 days ago
- Business
- Kyodo News
New 7-Eleven parent CEO vows growth to shareholders amid buyout talks
KYODO NEWS - 13 hours ago - 18:39 | All, Japan The new top executive of Seven & i Holdings Co., the Japanese operator of the Seven-Eleven convenience store chain, said Tuesday that he is committed to growth over the next decade, as the retail giant strives to enhance its corporate value in the face of a takeover bid by a Canadian rival. Stephen Hayes Dacus was officially appointed as its first foreign CEO following approval at an annual shareholders meeting. At the meeting, the new CEO vowed "efforts in making sure that the next 10 years is better than the last 10 years," as Seven & i implements restructuring steps to focus more on the convenience store business, which has seen slowing growth in Japan and the United States. Its shareholders approved the appointments of Dacus, 64, and 12 other board members, including Junro Ito, a member of its founding family, 66, as chairman and Takashi Sawada, former president of rival convenience store operator FamilyMart Co., as outside director. Dacus, replacing Ryuichi Isaka, 67, became a Seven & i outside director in 2022 after working as an executive at various Japanese companies, including Fast Retailing Co., the owner of the Uniqlo clothing chain, and the operator of the Sushiro conveyor belt sushi restaurant chain. "I know how management of this business is to the people who run our business" on site, said Dacus, who has experience working during his teenage years at a 7-Eleven store in the United States owned by his father. "I also know how important it is for our stock and our performance to reflect that, so that our shareholders, who are also our customers, can benefit from the company's growth," said Dacus, who is a former CEO of the operator of rival retailer Seiyu Co., which was part of U.S. retail giant Walmart Inc. Seven & i said last year it had received a buyout offer of around 7 trillion yen ($49 billion) from Alimentation Couche-Tard Inc., the operator of the Circle K convenience stores. The Japanese company's special committee is examining the offer and the option of a go-it-alone path from the perspective of maximizing value for shareholders. When one shareholder suggested the company opt for the buyout during the meeting, Isaka said Seven & i will examine the "two options as we pursue constructive talks with (Couche-Tard) and the steady implementation of our own measures in parallel." Ito, along with Ito-Kogyo Co., which manages the founding family's assets, had sought to take the retail conglomerate private through a management buyout to block the takeover by Couche-Tard but gave up on the plan after struggling to raise funds. The deal, estimated to cost around 9 trillion yen, would have been the biggest management buyout in Japan. Seven & i outlined a series of restructuring plans such as the sale of its supermarket business and a massive share buyback to boost its corporate value in an apparent bid to fend off Couche-Tard's takeover attempt. Among reform steps, Seven & i agreed to sell its subsidiary operating the Ito-Yokado supermarket chain to U.S. private equity firm Bain Capital for 814.7 billion yen, while planning a U.S. listing for its U.S. 7-Eleven convenience store business unit in 2026. The company also said it will sell part of its shareholdings in Seven Bank Ltd. to deconsolidate the banking subsidiary. The Japanese company said in October last year it planned to change its name to "7-Eleven Corp." to emphasize its focus on the retail brand, pending shareholder approval at Tuesday's meeting. But the plan was not included in proposals to vote on at the shareholders' meeting, with more time needed for in-house coordination. Related coverage: Incoming Seven & i CEO vows faster decision-making amid buyout threat Couche-Tard not considering hostile takeover of Seven & i: chairman Seven & i appoints new CEO, hopes to fend off takeover bid
Japan Today
27-05-2025
- Business
- Japan Today
7-Eleven parent shareholders OK 1st foreign CEO amid buyout talks
The new top executive of Seven & i Holdings Co, the Japanese operator of the Seven-Eleven convenience store chain, said Tuesday that he is committed to growth over the next decade, as the retail giant strives to enhance its corporate value in the face of a takeover bid by a Canadian rival. Stephen Hayes Dacus was officially appointed as its first foreign CEO following approval at an annual shareholders meeting. At the meeting, the new CEO vowed "efforts in making sure that the next 10 years is better than the last 10 years," as Seven & i implements restructuring steps to focus more on the convenience store business, which has seen slowing growth in Japan and the United States. Its shareholders approved the appointments of Dacus, 64, and 12 other board members, including Junro Ito, a member of its founding family, 66, as chairman and Takashi Sawada, former president of rival convenience store operator FamilyMart Co, as outside director. Dacus, replacing Ryuichi Isaka, 67, became a Seven & i outside director in 2022 after working as an executive at various Japanese companies, including Fast Retailing Co, the owner of the Uniqlo clothing chain, and the operator of the Sushiro conveyor belt sushi restaurant chain. "I know how management of this business is to the people who run our business" on site, said Dacus, who has experience working during his teenage years at a 7-Eleven store in the United States owned by his father. "I also know how important it is for our stock and our performance to reflect that, so that our shareholders, who are also our customers, can benefit from the company's growth," said Dacus, who is a former CEO of the operator of rival retailer Seiyu Co, which was part of U.S. retail giant Walmart Inc. Seven & i said last year it had received a buyout offer of around 7 trillion yen ($49 billion) from Alimentation Couche-Tard Inc, the operator of the Circle K convenience stores. The Japanese company's special committee is examining the offer and the option of a go-it-alone path from the perspective of maximizing value for shareholders. When one shareholder suggested the company opt for the buyout during the meeting, Isaka said Seven & i will examine the "two options as we pursue constructive talks with (Couche-Tard) and the steady implementation of our own measures in parallel." Ito, along with Ito-Kogyo Co, which manages the founding family's assets, had sought to take the retail conglomerate private through a management buyout to block the takeover by Couche-Tard but gave up on the plan after struggling to raise funds. The deal, estimated to cost around 9 trillion yen, would have been the biggest management buyout in Japan. Seven & i outlined a series of restructuring plans such as the sale of its supermarket business and a massive share buyback to boost its corporate value in an apparent bid to fend off Couche-Tard's takeover attempt. Among reform steps, Seven & i agreed to sell its subsidiary operating the Ito-Yokado supermarket chain to U.S. private equity firm Bain Capital for 814.7 billion yen, while planning a U.S. listing for its U.S. 7-Eleven convenience store business unit in 2026. The company also said it will sell part of its shareholdings in Seven Bank Ltd. to deconsolidate the banking subsidiary. The Japanese company said in October last year it planned to change its name to "7-Eleven Corp" to emphasize its focus on the retail brand, pending shareholder approval at Tuesday's meeting. But the plan was not included in proposals to vote on at the shareholders' meeting, with more time needed for in-house coordination. © KYODO
