07:57 AM EST, 02/28/2025 (MT Newswires) -- Seven & i Holdings Co. is seeking deals in Europe to bolster growth abroad as the retailer faces increased pressure to consider a proposed takeover by Canada's Alimentation Couche-Tard Inc. ( ANCTF ) , Bloomberg is reporting Friday.
The Tokyo-based operator of convenience stores and supermarkets currently does business in 20 countries and regions, and aims to add 10 more nations by fiscal 2030, while tripling sales to (Yen)30 trillion ($200 billion).
Seven & i already has stores in Scandinavia and plans to expand into the rest of Europe by investing in local companies, said Ken Wakabayashi, chief executive officer of 7-Eleven International LLC, the division responsible for global markets outside North America and Japan.
(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)