Japanese Owner of 7-Eleven Receives Another Offer to Rival Couche-Tard Bid

Japanese Owner of 7-Eleven Receives Another Offer to Rival Couche-Tard Bid
People shop at a 7-Eleven convenience store in midtown Manhattan in New York on March 19, 2024. The Associated Press/Ted Shaffrey
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The Japanese owner of 7-Eleven says it has received a new management buyout proposal from a member of the family that helped found the company.

The proposal for Seven & i Holdings Co. Ltd. by Junro Ito, who is a vice-president and director of the company, and his private company Ito-Kogyo Co. Ltd. follows an offer for the company from Canadian retailer Alimentation Couche-Tard Inc.