Corporate News

Corporate news affecting the convenience store industry

Sweet Oil principal keeps focused on his baby as company sale nears completion

NEWARK, Del. -- Passion, aptitude and a overview of not just one, but two convenience-store chainsthat's what you'll get if you have a conversation with Ben Leroy, one of three principals of Newark, Del.-based Sweet Oil on the eve of the sale of the company to a larger neighbor. In August, Leroy...

Bouchard telegraphs two more acquisitions in early `07

LAVAL, Quebec -- Alimentation Couche-Tard Inc. said second-quarter profit rose 35% on more profitable gasoline sales, reported Bloomberg. Net income climbed to $74.7 million, or 36 cents a share, from $55.5 million, or 27 cents, a year earlier, the Laval, Quebec-based company said in a statement...

Rollout to emulate state quarters program

WASHINGTON -- The U.S. Mint has announced a new series of circulating presidential $1 coins. They are being introduced as a result of the Presidential Coin Act of 2005, which calls for the minting of the coins to commemorate the service of former presidents in the order they served. Like the Mint's...

Unexpected sale of 122 California stations terminated equally unexpectedly
Fire broke out Friday morning in a building housing the headquarters of the Kum & Go convenience stores, reported the Associated Press.
Announces record 4Q, 2006 financial results
Southeast chain doubles its budget for new-build construction, eyes more growth
Merchandise sales up 10.9%; EBITDA up 24.2%
On first investor call since IPO, retailer addresses growth, rebranding progress
Renegotiated deal with Western Refining provides more wiggle room for breakup