A proposed $58 billion buyout of Seven & I Holdings, the parent company of 7-Eleven, by a Japanese consortium has failed. The founding family of Seven & I abandoned their management-led buyout due to difficulties in securing financing. In response, Canada's convenience store operator, Couche-Tard, has established a Japan entity to pursue a takeover of Seven & I. This development follows the failed buyout attempt and indicates a shift in strategy as Couche-Tard aims to gather information and potentially make an offer. Seven & I is also considering an offer from Circle K's holding company after the failed management buyout, marking a return to the drawing board for the company amidst ongoing negotiations.