The six percent sales tax went into effect on July 1 but some grocery and convenience stores in the Green Mountain state are still confused on how to implement it. The tax, which intends to curb consumption of sweetened beverages, has been improperly applied on unsweetened seltzers. Consumers who then opt to buy the healthier…
Read moreItalian fuel retail industry braces for 48-hour stoppage on June 23-25
The Federazione Autonoma Italiana Benzinai (Faib), Fegica, Cisl and Anisa, which are organizations related to the Italian fuel retail industry, have jointly announced a new 48-hour stoppage from 22.00 of June 23 until the same time of June 25. The decision, which follows a similar stoppage in April, was announced amid disagreements between the groups…
Read moreGulf Oil to Be Acquired by Private Equity Roll-Up
Gulf Oil to Be Acquired by Private Equity Roll-Up Gulf Oil has been sold. The buyer is ArcLight Capital Partners, which prior to this spring was a little- known but especially well-heeled Boston-based private equity firm with over $12 billion in investments. ArcLight burst onto the scene in February when it outbid Marathon Petroleum and…
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