Mergers & Acquisitions

Guess Teases ‘GP Express’

New player reveals image, design for its new and renovated convenience stores

DURHAM, N.C. -- Upstart convenience-store retailer The Guess Corp. has released the renderings (see below) for its planned convenience stores with gasoline. The design is representative of the locations it says its petroleum division will build across the United States through new construction and acquisitions.

The units will operate under the brand GP Express.

Existing stores that it acquires will be renovated according to the new design. Design firm Scott+Cormia is overseeing the architecture and design for the c-stores it is acquiring and building. Guess said it plans to build a portfolio of 1,000 units within the next year through its petroleum unit, Guess Petroleum Ltd., an indirect wholly owned subsidiary of the company.

GP Express will be an upscale chain of gas and convenience stores with scent technologies that eliminate the odor of gas inside the store and provide the customer with a better in-store shopping experience with fresh goods and premium quality merchandise, the company said. The design incorporates open spaces with floor-to-ceiling windows that allow for natural light exposure. The exterior of the stores will feature enhanced outdoor lighting and “well-situated, advanced” gas pumps.

"We are excited to share this design for our gas and convenience store plan and look forward to delivering an upscale experience to customers," said Cutie Shrestha, corporate vice president and managing engineer for Guess.

Scott+Cormia is an Orlando, Fla.-based architecture and interior design founded by Ray Scott and Matt Cormia. The firm has an extensive design portfolio and has handled domestic and international projects for its clients. As a full-service firm, Scott+Cormia provides complete project management, including initial site planning and overseeing construction.

The Guess Corp. is a conglomerate, based in Durham, N.C., which began as a trader of diamonds and has expanded into more than 20 business areas since 2012. The company's projected revenue for 2016 is $250 million and its asset base currently exceeds $100 million, it said.

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