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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Norway faces major changes in the fuel retailing industry in 2016
Norway´s fuel retailing industry faces a major overhaul with three leading gas station operators making significant changes of ownership, identity and products The country´s large Statoil network - 330 gas stations - will be converted into the Circle K brand in late spring, with parent company Couche-Tard making an effort to unify the majority of…
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