Couche-Tard reveals new strategy after ending bid to acquire 7-Eleven parent last year

Alimentation Couche-Tard unveiled a new corporate strategy focused on strengthening its core platforms and pursuing targeted investment opportunities. The announcement follows the company’s decision last July to withdraw a proposal to acquire the parent company of 7-Eleven after about a year of talks with Seven & i.

Alimentation Couche-Tard Inc. unveiled a new corporate strategy on Wednesday focused on strengthening its core platforms and pursuing targeted investment opportunities. The Laval, Quebec-based company described the change as a refocus on its main businesses. The strategy update follows Couche-Tard’s decision last July to withdraw a proposal to acquire the parent company of rival 7-Eleven. The earlier approach to Seven & i Holdings Co. Ltd. had lasted nearly a year. Key facts: - Couche-Tard announced a corporate strategy emphasizing stronger core platforms and targeted investments. - The announcement was made on Wednesday. - The company is based in Laval, Quebec. - Couche-Tard withdrew a proposal in July to acquire the parent company of 7-Eleven after about a year of courting Seven & i Holdings Co. Ltd. Summary: The company’s announcement represents a clearer focus on existing operations following last year’s halted pursuit of Seven & i. Undetermined at this time.