Wilmington, N.C.-based VPS Convenience Store Group, has acquired 22 Appco locations in Bristols, Johnson City and Kingsport, TriCities.com reported. The stores have been closed for the past six months, due to bankruptcy of the former owners, but will re-open under the Scotchman brand in the next few weeks. “We are very excited to bring the…
APPCO’s Ex-Owner Wins Court Battle
APPCO’s former owner won the right to keep the 12 convenience store buildings he repossessed early this month, according to a ruling by Federal Bankruptcy Judge Marcia Parsons, the Johnson City Press reported. After the decision, a representative for Jim MacLean said MacLean’s property companies plans to gain possession of the other 16 stores he…