TOKYO — Now that Canadian retailer Alimentation Couche-Tard has withdrawn its bid to take over Seven & i Holdings, the Japanese parent of the 7-Eleven chain will face several tests in attaining growth independently.
The takeover proposal, which Couche-Tard scrapped Thursday, had put pressure on Seven & i to take steps toward structural reform, including paring noncore businesses, amid a sluggish recovery for its Japanese and U.S. convenience store operations.
