Canada’s convenience store operator Alimentation Couche-Tard has set up a Japanese entity to pursue its takeover bid for Seven & i, the owner of the 7-Eleven chain. The company has registered a subsidiary with Japanese authorities and plans to establish an office in Japan. Details on staffing and operational timelines remain unclear, but the move marks another step forward for Couche-Tard’s acquisition efforts.
Source: https://asia.nikkei.com/Business/Business-deals/Couche-Tard-sets-up-Japan-entity-eyeing-Seven-i-takeover-deal