Corporate News

Corporate news affecting the convenience store industry

U.K. retailer expanding beyond West Coast beachhead

LAS VEGAS -- Brit supermarket and convenience store giant Tesco's unusually stealthy U.S. expansion strategy is about to take it to Las Vegas, in addition to its previously reported plans to open stores in the Los Angeles and Phoenix areas next year, reported The Financial Times. Commercial real...

Unconventional drive-thru stores catch consumer's eye

SAN ANTONIO -- Thirsty book-club members and bikini-clad beer girls mix company at a handful of unconventional convenience stores in San Antonio. Three Beer 'N ALL drive-thru c-stores skirting the city blend the speed and convenience of a 7-Eleven with the variety of an on-premise bar and the...

Will expand opportunities relating to bankruptcies, divestitures

CHICAGO -- ­NRC Realty Advisors LLC has hired Jeff Pomerantz as vice president of business development. He will be responsible for expanding the companys opportunities in the real estate industry as it relates to both bankruptcies and divestitures, areas in which he has more than 35 years of...

Alon USA Energy Inc. announced that it has closed on its previously announced acquisition of Paramount Petroleum Corp. with an effective date of July 31, 2006.
Will guide global marketing, innovation
Strong margin environment for refiner-marketer
Strong refining margins for ethanol-blended gas, low-sulfur diesel
Firm buys 4 Ill. stations for cleanup, resale
Alon USA Energy Inc. received notice from the FTC that the FTC has closed its investigation of Alon's pending acquisition of Paramount Petroleum Corp.
Company may not consider any acquisition proposal from Cardinal/Drawbridge