Circle K is not still buying 7-Eleven.
The parent company of Circle K, "Alimentation Couche-Tard," officially withdrew their $46 billion proposal to acquire the owner of 7-Eleven, "Seven & i Holdings," in July of 2025 as a result of constructive engagement from Seven & i, who plans to pursue a U.S. IPO of it's 7-Eleven business.
Circle K is owned by a Canadian company called Alimentation Couche-Tard Inc, who purchased the Circle K brand in 2003.
Circle K does operate stores in China through licensing agreements and direct acquisitions, but a Chinese entity does not own the brand Circle K itself.
The "K" in the Circle K name stands for and comes from the company's original name which was Kay's Food Stores.
Circle K is owned by Convenience Retail Asia and Alimentation Couche-Tard.
Circle K is a Canadian/American chain of convenience stores, with headquarters in Tempe, Arizona.
Alimentation Couche-Tard and Convenience Retail Asia own Circle K and they are also based in Laval, Quebec.
The "K" in the Circle K name comes from the company's original name which was Kay's Food Stores.
In the year of 1951, the founder of Circle K, purchased 3 Kay's Food Stores in El Paso, Texas and these stores became the foundation for what would eventually become the Circle K convenience store chain that we know today.
Alex Miller is currently the President and Chief Executive Officer of Alimentation Couche-Tard Inc., the parent company of Circle K.
He officially took on the role on September 6, 2024, succeeding Brian Hannasch, who retired on the same date after serving as CEO since 2014.