Seven & i Holdings Ltd announced that its convenience store brand 7-Eleven is planning to explore potential store sell-offs with Canadian firm Alimentation Couche-Tard (ACT) ACT has agreed to work with Seven & i to outline a divestiture plan, which includes defining the operational, management, and financial aspects of the stores that could be sold. Earlier, the company had announced a major share buyback and plans to list its US unit on the stock market. If the deal were to go ahead, it would mark the biggest-ever foreign takeover of a Japanese firm, bringing together the 7- Eleven and Circle K brands to create a global convenience store giant. The company operates around 85,000 convenience stores worldwide, with about a quarter of them located in Japan, where 7-eleven serves in daily life items, selling everything from fresh rice balls to concert tickets. It has also appointed its first foreign CEO, Stephen Dacus, who will lead the company until the end of the year.