Corporate News

Corporate news affecting the convenience store industry

Opens 22nd station; Vercollone named car wash group prez

ANDOVER, Mass. -- VERC Enterprises, which has convenience stores throughout Eastern Massachusetts and New Hampshire, has added its 22nd location, this one in Andover, Mass. The new VERC Mobil, just off of Interstate 93, is a former Mobil station. It houses a convenience store and a Dunkin Donuts...

Kansas retailer files for Chapter 11 protection after hitting bump in the road

LIBERAL, Kan. -- Less than a week after a 13-store chain in Kansas reported a major [financial] bump in the road that it hoped to iron out with the help of an interested party, Wes-Kan Oil Co. filed for Chapter 11 bankruptcy protection last week. With outstanding debts totaling about $927,000, the...

Would boost to $7.25, offer tax breaks to offset higher costs

WASHINGTON -- The U.S. Senate on Thursday passed a bill, The Small Business & Work Opportunity Act of 2007, to boost the federal minimum wage to $7.25 an hour and provide businesses $8.3 billion in tax breaks to offset cost of the higher payrolls, reported Dow Jones. The Senate's 94 to 3 vote...

March 30 distribution slated; Rosenfeld to replace Camilleri as Kraft chairman
Hospitality Properties Trust (HPT) said that it completed its acquisition of TravelCenters of America Inc.
Fuels, carwash vet to lead wash, station, c-store programs
Channel vet joins c-store team
Is U.K. retailer planning nationwide U.S. rollout?
Regional retailer will keep name; family exits business with sale of 23 stores in Utah
Nice N Easy Grocery Shoppes manager wins $25,000