Group 1 - Ridi Stores, an Ohio-based convenience store and car wash company, has acquired McIntosh Energy Co., expanding its network to 18 locations across three states [4][8] - The acquisition includes McIntosh's four retail locations and a standalone fleet fueling site in Indiana, marking Ridi's entry into the Indiana market [4][8] - Ridi has a history of mergers and acquisitions, having acquired at least one convenience store or car wash nearly every year since 2019 [3][6] Group 2 - McIntosh Energy, founded in 1953, will see its MacFood Mart locations rebranded to Ridi's brand in the near future [5] - Ridi will also take over McIntosh's bulk fuel delivery operations and Pacific Price fleet card services as part of the acquisition [5][8] - The deal reflects a trend of smaller retailers exiting the convenience store business, providing opportunities for regional players like Ridi to scale their presence [3][8]

Group 1 - Niall Anderton has been appointed as the CEO of Musgrave Group, a food retailer and wholesaler, and will join the company in May 2024 [6][8] - Anderton has been with Couche-Tard for a decade, having joined in 2016 after the acquisition of Topaz, where he was CFO [3][4] - He has played a significant role in Couche-Tard's five-year strategy, aiming for $10 billion in EBITDA by 2028, and has led operations across multiple European countries [5][8] Group 2 - Anderton's departure from Couche-Tard will create a vacancy in the company's global leadership team, with no immediate successor announced [8] - Musgrave operates over 1,300 retail stores and serves markets in England and Spain, indicating its significant presence in the food retail sector [6][8] - The transition comes as the current CEO of Musgrave, Noel Keeley, is set to retire at the end of the year [6][8]

Shares of convenience store operator Alimentation Couche-Tard jumped after the company reported growth in earnings and its top executive said it’s looking at a number of acquisition targets https://t.co/gfHn5Wbxqy ...

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Alimentation Couche-Tard has opened a new distribution center in Otsego, Minnesota, according to a Wednesday announcement. This 266,000-square-foot facility, which will be operated by McLane, is the first of three expected to open in the coming months, according to the announcement. It will serve around 500 Circle K and Holiday c-stores in the upper ...

Company Performance & Challenges - 7-Eleven, despite being the world's largest convenience store chain, faces a reputation problem, particularly in the US [1] - 7i Holdings is under pressure due to disappointing financial results [2] - Shares of 7i Holdings have fallen more than 18% in 2025 [3] Strategic Shift & Future Plans - Alimentation Couche-Tard withdrew its $47 billion bid to acquire 7i Holdings [3] - The company is shifting its focus towards transformation, aiming to improve the in-store experience of US 7-Elevens to resemble its Japanese stores [3][4] - A key component of the transformation is focusing on food offerings [4] - The new non-Japanese CEO is leading the charge to implement a more Japanese style of 7-Eleven in the US [4]

Seven & i shares fell the most in almost three months after cutting its profit outlook for the current fiscal year, deepening its discount to Alimentation Couche-Tard’s ¥6.77 trillion ($44.4 billion) proposal to buy the Japanese company https://t.co/T6xMt9AyY9 ...

Almost three months have passed since Alimentation Couche-Tard abandoned its $44.4 billion bid to acquire Seven & i, yet the stock remains 24% below the proposed price with few signs of reversing course https://t.co/PWZQvYzCXX ...

Seven & i said it will open 1,300 new international stores, mainly in the US, in an update to its mid-term plan after after Circle-K operator Alimentation Couche-Tard dropped its $44.9 billion takeover proposal https://t.co/XT52oWJKjw ...

Core Viewpoint - The withdrawal of Alimentation Couche-Tard's acquisition proposal for Seven & i Holdings marks a significant failure in a potential major merger, highlighting the strategic challenges faced by traditional retail giants in a changing market landscape [1][2][8]. Group 1: Acquisition Details - Alimentation Couche-Tard announced the withdrawal of its nearly $47 billion acquisition proposal for Seven & i Holdings after a year of limited due diligence opportunities and unproductive discussions with the management [1][6]. - Seven & i confirmed the unilateral termination of negotiations and expressed disagreement with ACT's claims, but was not surprised by the decision [1][10]. - Following the announcement, Seven & i's stock price plummeted by 9.16%, while ACT's stock surged by 17% [10]. Group 2: Market Context - The global convenience store market is shifting from expansion to competition, with operational efficiency becoming the core competitive advantage [2][11]. - The Japanese convenience store market is experiencing significant changes, with a notable increase in M&A activity, as evidenced by a 232% year-on-year growth in transaction value in the first half of 2025 [8]. - Seven & i's performance has been declining, with a 0.7% drop in revenue and an 11% decrease in operating profit in Q1 of FY2025, marking five consecutive quarters of negative growth [10][12]. Group 3: Strategic Responses - In response to its challenges, Seven & i is undergoing leadership changes and restructuring, including the appointment of a new CEO and the sale of non-core assets [12]. - Seven & i aims to enhance shareholder returns through stock buybacks and potential IPOs of its North American business, despite the failed acquisition [12]. - The company must redefine its value creation logic to adapt to the structural changes in the convenience store industry and find new growth opportunities [12].

此前，该公司宣布放弃竞购Seven & i。 Alimentation Couche-Tard（ATD.CN）股价一度上涨18.5%，创2002年以来最佳盘中表现，报80.96加元。 ...