Reported 23 days ago
The U.S. convenience-store market, dominated by numerous small operators, is bracing for potential consolidation as major players like Circle-K's owner, Alimentation Couche-Tard, aim to acquire 7-Eleven's Japanese parent company, Seven & i. Despite recent merger bids being rejected, the persistent fragmentation of the industry—where the top ten chains hold less than 20% market share—suggests that further mergers are likely as both Couche-Tard and Seven & i pursue aggressive growth targets, with M&A being central to their strategies.
Source: YAHOO