Corporate News

Corporate news affecting the convenience store industry

Incremental growth, including adding franchisees, next step for travel-center chain

WESTLAKE, Ohio -- Even as its new owners were discussing the future of TravelCenters of America in a conference call yesterday, the truckstop chain was reaching out to potential new franchisees. The move is indicative of the new owners' desire to grow not by dramatic leaps, but rather through...

Nearly $2 billion purchase price opens growth opportunities for travel-center chain

WESTLAKE, Ohio -- More liquid funds means more opportunities for growth, according to officials at TravelCenters of America, who were spreading word yesterday of the company's purchase by a new holding company. We have growth plans that we'll announce in due time, Tom Liutkus, director of...

Pennsylvania Senate leader fights for traction in tough race

Editor's Note: This is the second in a series of CSP Daily News stories that will highlight election campaign issues and races of interest to the convenience-store industry. To read yesterday's installment, click here . The 2006 mid-term elections will either mark a sea-change in legislative...

7-Eleven senior vice president speaks of life balance at leadership meeting
Westec InterActive said that technology industry veteran Jon Bolen has joined the company as the new Chief Technology Officer.
Florida retailer expands into Nashville market with 28-store purchase
Hartford, N.Y., location opens today
Kraft Foods Inc. has announced a new executive team that it said will sharpen the company's focus on innovation, marketing and growth.
Development-stage company eyes acquisitions in Florida, Georgia
Will build 15 new travel plazas, renovate old facilities