We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for.
A non-binding, friendly offer of $25 billion was sent to Carrefour.
Couche-Tard is all about the convenience store economy. The Quebec-based company has achieved greatness by building a massive business out of a piece of the retail landscape that’s often overlooked or not taken seriously: convenience stores.
Other than 7-Eleven, no company in the world has been as committed to the customers who are in between meetings or meals, or service people on their rounds.