The future big boss of Alimentation Couche-Tard is optimistic about the acquisition project of the 7-Eleven convenience store chain.
The Laval-based multinational recently courted 7-Eleven owner Seven&i Holdings Co. It sent a “friendly, non-binding proposal” to the Japanese company to get its hands on its stores.
“We are confident in our ability to finance and carry out this merger,” said the man who will soon take the reins of the Quebec giant, Alex Miller, during a call with financial analysts to discuss quarterly results on Thursday.
“We look forward to engaging with Seven&i in a constructive manner,” he added.
Mr. Miller said he saw significant opportunity for the two companies to grow together, enhance their customer offerings and deliver a compelling outcome for their shareholders, employees and key stakeholders.
Currently chief operating officer, Mr. Miller will become president and CEO of Couche-Tard as of Friday, replacing Brian Hannasch who is retiring.
Alimentation Couche-Tard reported Wednesday that its net income attributable to shareholders fell in the first quarter of fiscal 2025 as consumers continued to watch their spending. It stood at US$790.8 million compared with US$834.1 million a year ago.
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