Corporate News

Corporate news affecting the convenience store industry

Profits up 45% on sales

LAVAL, Quebec -- Alimentation Couche-Tard Inc. achieved strong growth during the second quarter ended Oct. 9, 2005. Net earnings increased by $17.2 million, or 44.9%, to $55.5 million or 27 cents per share, compared with $38.3 million or $0.19 per share in the same period of the previous year. The...

Retailer holding company receives strategic investment from private equity firm

CORPUS CHRISTI, Texas -- Susser Holdings LLC said that it has entered into a definitive agreement under which it will receive a strategic investment from Wellspring Capital Management LLC. Susser Holdings, through its subsidiaries, SSP Partners and Susser Petroleum Co. LP, is a major convenience...

Time to move on after Seven-Eleven Japan buyout, he says

DALLAS -- As reported in a CSP Daily News Flash yesterday, President and CEO Jim Keyes has retired from 7-Eleven Inc., effective Nov. 11, 2005. Keyes has also resigned from his position as a member of the 7-Eleven Inc. board of directors. Toshifumi Suzuki, chairman and CEO of Seven-Eleven Japan Co...

Japanese conglomerate hopes full ownership improves U.S. stores
Williamson part of Unocal's old guard.
Why its shares are trading at a premium
New VP of retail solutions
New editor brings six years experience; to lead CSP Independent
Former car-wash owner signs on as strategic accounts manager
Dallas lawyer James W. Demik, 67, owner of Commercial Escrow & Title Co., drew 5 years in prison on 10 counts of bank fraud, conspiracy and money laundering.