Corporate News

Corporate news affecting the convenience store industry

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

INDIANAPOLIS -- Three months after hiring an investment firm to help it restructure and cut costs, Marsh Supermarkets yesterday announced several steps it plans to take to improve profits, including closing six underperforming Village Pantry convenience stores. The board of directors also reported...

The Petroleum Convenience Alliance for Technology Standards said Scott Wood, presently senior engineer with AutoGas Systems Inc., will be joining the alliance.
Yellow Goose Markets to lease/operate 18 stores in western New York
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.
Retailers maximize payback by trimming underperformers
Maness, Hennigan, Kelly rise in refining ranks
Sunoco reports fourth quarter results