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Circle K-owner Couche-Tard undeterred in pursuit to buy 7-Eleven operator: CEO

Alimentation Couche-Tard Inc. CEO Alex Miller says his company remains committed to acquiring the Japanese operator of the 7-Eleven chain despite recent pushback. Miller, right, and Alain Bouchard, chairman of Alimentation Couche-Tard, left, attend a press conference in Tokyo, Japan, Thursday, March 13, 2025. (Kyodo News via AP)
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LAVAL, Que. – The chief executive of Alimentation Couche-Tard Inc. says his company remains committed to acquiring the Japanese operator of the 7-Eleven chain despite recent pushback.

Quebec-based Couche-Tard, which operates Circle K stores, continues to believe there is “a unique strategic fit” to be realized through a merger with Seven & i Holdings.

Couche-Tard president and CEO Alex Miller’s comments come after Seven & i publicized a letter last week that its own chief executive sent to Couche-Tard’s leadership in September explaining why it was rejecting the Canadian company’s offer.

Alimentation Couche-Tard Inc. CEO Alex Miller says his company remains committed to acquiring the Japanese operator of the 7-Eleven chain despite recent pushback. Miller, right, and Alain Bouchard, chairman of Alimentation Couche-Tard, left, attend a press conference in Tokyo, Japan, Thursday, March 13, 2025. (Kyodo News via AP)

The letter said Couche-Tard’s proposal was “not in the best interest of Seven & i shareholders and other stakeholders.” 

Miller says Couche-Tard is undeterred and that it intends to be “friendly and persistent” in pursuing the transaction.

The 7-Eleven chain has more than 20,000 stores nationwide and more than 80,000 outlets around the world, serving an estimated 63 million customers a day.