Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso retail stations for $2.8 billion. Distributors purchasing the sites include Alimentation Couche-Tard Inc. with 279 retail stations in Ontario and Quebec; 7-Eleven Canada Inc. with 148 sites in Alberta and British Columbia; Harnois Groupe Pétrolier, which purchases…
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Three c-store owners make Forbes world’s billionaire list
Three convenience store retailers have once again landed spots in Forbes magazine's 2016 The World's Billionaires. Tom and Judy Love, operators of convenience store network Love's Travel Stops & Country Stores and with a net worth of $5.9 billion, have clinched the highest spot among the c-store retailers. The couple’s ranking has leaped from No.…
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Cumberland Farms sells $1 billion in gas through SmartPay
Cumberland Farms has sold $1 billion in gas through its SmartPay program since launching it in January 2013. Over the last year transaction volume has more than doubled and continues to grow, making SmartPay Check-Link the most popular payment method at the pump at the Cumberland Farms gas stations. "Two years ago, SmartPay was an…
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Dunkin’ Donuts to close 100 stores (Speedway Owned)
NEW YORK — America may not run on Dunkin’ after all. Dunkin’ Brands, the parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain, announced Thursday that one of its franchisees plans to close 100 Dunkin’ Donuts stores in the United States this year and next. The company did not provide a list of what…
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