Corporate News

Corporate news affecting the convenience store industry

Southwest Georgia Oil sells 24 stores, refocuses on wholesale petroleum

BAINBRIDGE, Ga. -- The Pantry's move into the panhandle of Florida opened up some new areas for the company to fill in, and the Southeast retailer made a move in that direction yesterday with the purchase of 24 SunStop stores in three states from Southwest Georgia Oil Co. Inc. It was with just that...

Sites to be sold as BP franchises; also selling seven other sites to be debranded

CHICAGO -- BP Cos., as part of its strategic franchise expansion program, is selling 29 Indianapolis BP-branded convenience stores and gas stations, including buildings, fixtures and real property. These sites will be sold as franchises, which will be added to BP's growing network of U.S. franchise...

Bouchard says he will pursue divested company/dealer outlets, although bulk deal unlikely

LAVAL, Quebec -- Alimentation Couche-Tard Inc. confirmed that it is keen to buy hundreds of retail outlets in California and the U.S. Midwest that ConocoPhillips plans to divest next year, reported The Financial Post. But Couche-Tard CEO Alain Bouchard cautioned that his acquisition-hungry company...

From foodservice to ATMs, Casey's shares lessons learned from store purchases.
C-store giant puts its new growth strategy into practice with 10-store purchase
New store opens in Rossville, Ill.
Chain expects organic growth from South Texas and Houston, up into Oklahoma
Former c-store leader gets back into industry with four-store purchase in Tennessee
The New England Convenience Store Association recognized Mike and Corinne Abboud as its Store Operators of the Year, said The Lowell Sun.
Grocery, c-store retailer says former exec took funds