Three-week campaign benefits 28 children’s hospitals across 14 states. Midwest and Great Lakes Circle K convenience store employees and customers showed their dedication to their community’s kids by raising a total of $1,237,500 for Children’s Miracle Network Hospitals, a charity that raises funds and awareness for 170 children’s hospitals. This year’s campaign increased 14% over…
Valero Divesting Retail Business
Auction to sell convenience store sites expected to interest private equity firms, as well as c-store operators. Valero Energy Corp. is selling its retail business, which is comprised of nearly 1,000 U.S. stores and some 775 units in Canada. The stores are being divested through an auction that could bring in more than $3.5 billion…
Couche-Tard Profits Up
While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard. Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated…
MACS Converts to Circle K
Under a unique partnership with Couche-Tard, Mid-Atlantic Convenience Stores is now the exclusive developer of the Circle K brand across the mid-Atlantic. By Erin Rigik, Associate Editor. Mid-Atlantic Convenience Stores (MACS) and Alimentation Couche-Tard forged a new partnership in July where MACS will act as the exclusive developer for the Circle K brand in Virginia,…
Couche-Tard Acquires 29 Orlando, Fla. Stores
Alimentation Couche-Tard adds 29 c-store locations to its portfolio from Florida Oil Holdings. Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc. The transaction is anticipated to close at the end of August, and is subject to…
Circle K Renews Lil’ Drug Store Supply
Circle K creates a multi-year agreement with Lil’ Drug Store Products to extend its partnership. Circle K renewed its supply relationship with Lil’ Drug Store Products Inc., a global consumer product company in the Health and Beauty Care (HBC) section. Lil’ Drug Store Products revolutionized the health and beauty care sections for convenience and other…
Circle K Enters Agreement With NJOY
Circle K focuses on evolving its sale of e-cigarettes through a partnership with NJOY. Circle K entered a partnership with NJOY electronic cigarettes for chain-wide corporate store distribution in 3,100 U.S. retail locations as of August 2012. Circle K has been an early leader in the e-cigarette category, and this new partnership further strengthens NJOY’s…
Alimentation Couche-Tard Acquires 27 Stores
Alimentation Couche-Tard builds company-operated business in its West Coast Division as it plans to acquire a handful of Sun Mart stores. Alimentation Couche-Tard has signed an agreement to acquire 27 stores from Sun Pacific Energy in Eastern Washington State, mostly in the tri-city area of Pasco, Kennewick and Richland. The transaction is expected to close…
Three-Fourths At Statoil Accept Couche-Tard’s Offer
More Statoil shareholders accept Alimentation Couche-Tard’s tender offer as of Tuesday. Alimentation Couche-Tard reports 77.7% of Statoil Fuel & Retail shareholders have accepted its takeover offer, an increase from 66.7% three weeks ago, after a large shareholder agreed to bid on Tuesday. Alimentation Couche-Tard declined to identify the shareholder, but said it was “very confident”…
Alimentation Couche-Tard Extends Statoil Offer
Alimentation Couche-Tard announces its offer to Statoil Fuel & Retail expires June 20. Alimentation Couche-Tard Inc. waived all conditions under its offer to Statoil Fuel & Retail, including but not limited to the 90% acceptance level as indcated in the offer document dated April 19. The new extension period will expire on June 20, and…