Corporate News

Corporate news affecting the convenience store industry

Billionaire buys into Fas Mart/Shore Stop owner

TEL AVIV, Israel -- Arcadi Gaydamak has closed a deal to buy into Petro Group Ltd., which operates gas stations in the United States, reported Israeli newspaper Ha'aretz . The Russian-Israeli billionaire is buying 65% of Ameris Holdings, which owns 51% of Petro Group, formerly known as Gmul Energy...

Redner's Markets Inc. recently announced the promotions of Ryan Redner to COO and Frank Fiore to vice president of grocery operations.

READING, Pa. -- Redner's Markets Inc. recently announced the promotions of Ryan Redner to COO and Frank Fiore to vice president of grocery operations. Redner joined the company in 1995 and worked in various capacities while attending college. Upon graduation in 1999, he became the director of...

Departures raise questions about prospects, succession; Jean Coutu deal rumored

LAVAL, Quebec -- With the sudden and unexpected departure of Stephane Gonthier from Alimentation Couche-Tard Inc., the convenience store giant has lost another key rising star, one many had tapped as a possible future CEO, reported The National Post. Gonthier, 40, was in charge of four divisions in...

Retailer will convert Time Saver locations to 1st Stop banner
Stake had lessening strategic importance
Specialized Services getting into c-stores with 11-site negotiation
Gonthier departure may be sign of power struggle, analyst suggests
West Coast retailer hopes to add 50 stores, take more market share
Now fourth-largest U.S. independent refiner-marketer
Hospitality Properties Trust adds more travel centers to its portfolio in $630 million acquisition

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