Corporate News

Corporate news affecting the convenience store industry

The United Kingdom's largest supermarket chain plans c-store growth in the U.S.

UNITED KINGDOM -- Yesterday's announcement that U.K. supermarket giant Tesco PLC plans to plant its own red, white and blue flag on U.S. soil in 2007as reported in a CSP Daily News flashbeginning with convenience stores on the West Coast, represents a new strategy in supermarket chains with c-store...

Delek USA chain hopes to raise $230 million by going public

FRANKLIN, Tenn.-- In a move that may raise $230 million for debt reduction and possibly more growth via acquisition, Delek USA, the owner of the MAPCO Express chain of convenience stores, has filed papers with the Securities& Exchange Commission, initiating steps to go public. Capital raised...

Chivington goes to Turkey Hill

MECHANICSVILLE, Va. -- GPM Investments LLC, operator of Fas Mart/Shore Stop Convenience Stores, has promoted Russ Quick to vice president of sales and marketing, effective immediately. He fills the shoes ofBrad Chivington, the former head of the department, who has left the company to pursue other...

Board announces several steps to cut costs following 2005 financial loss
The Petroleum Convenience Alliance for Technology Standards said Scott Wood, presently senior engineer with AutoGas Systems Inc., will be joining the alliance.
Oneslager replaces Hartman as chair
Brian Wright said that Meagen Anderson-Simek has joined the company as a senior executive recruiter for the supplier division.
Yellow Goose Markets to lease/operate 18 stores in western New York
Retailers maximize payback by trimming underperformers
Maness, Hennigan, Kelly rise in refining ranks