Tard's attempt to create a global convenience store behemoth was set back when it pulled its $46 billion bid for Seven & i , whose consumers in Japan have emotional ties to their purveyor of rice balls.

Strange things are afoot at Circle K. The potential creation of a new convenience store powerhouse has fizzled out, as cultural and financial disagreements proved too difficult to overcome.

Canada’s Alimentation Couche-Tard has withdrawn its record-breaking $50bn proposal to acquire Japan’s Seven & i Holdings, bringing an end to its year-long campaign to pull the 7-Eleven owner to the negotiating table on friendly terms.

Couche-Tard's acquisition failure is seen as running counter to the broader trend in the investing landscape in Japan.

Canadian retail chain Alimentation Couche-Tard is dropping its proposal to acquire Seven & i Holdings Co_, the Japanese operator of the 7-Eleven convenience store chain, citing frustration in ongoing negotiations that showed what it called “a lack of

After a year of negotiations, the deal between Alimentation Couche-Tard and the Japanese owner of the 7-Eleven convenience store chain is no more.

Canadian retailer Couche-Tard Inc has announced its withdrawal from its buyout proposal to acquire Seven and I Holdings Co for $47 billion on Thursday.