Corporate News

Corporate news affecting the convenience store industry

New terms save company $2 million a year

LAVAL, Quebec -- Alimentation Couche-Tard Inc. has refinanced its secured senior term and revolving credit facilities. The new credit facilities are unsecured, will be available at significantly lower interest rates and on more flexible conditions and will provide additional borrowing availability...

Chain to open c-store in Acworth, Ga., today

ACWORTH, Ga. -- Home Depot will open the doors on its first Fuel store in Georgia this morning. The new convenience store on Cobb Parkway in Acworth, Ga., will feature the familiar large orange Home Depot store sign, along with the price of gasoline and diesel fuel, according to the company. The...

British grocery giant leases a Los Angeles store about double the size that analysts expected

LOS ANGELES -- British grocery giant Tesco plans to take over a shuttered Albertsons market in Los Angeles' Glassell Park, an indication that it intends to build bigger stores than first expected, according to the Los Angeles Times. The 32,500-sq.-ft. location will be among the first of a group...

Weak Democratic incumbent provides Senate opening in Washington state
The former COO of Marsh Supermarkets is suing the company, claiming it owes him thousands of dollars in severance and benefits.
Receive $3,000 for career education, more
Incremental growth, including adding franchisees, next step for travel-center chain
Nearly $2 billion purchase price opens growth opportunities for travel-center chain
Pennsylvania Senate leader fights for traction in tough race
7-Eleven senior vice president speaks of life balance at leadership meeting