A massive deal in the convenience store industry has been thrown into doubt after the Federal Trade Commission called 7-Eleven’s purchase of 3,800 Speedway stores and gas stations “illegal” and “anti-competitive” putting the $21 billion deal that closed Friday (May 14) in jeopardy. Get the...
As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings Co. agreed to purchase the Speedway fuel stations of Marathon Petroleum Corp. for $21 billion, Bloomberg reported. Get the Full Story Complete the form...
Closing store locations has been a near-daily occurrence during the pandemic. But when a high-flying QSR like Dunkin is in the news, it’s a bit of a surprise. The chain announced on Tuesday (July 7) that it was following through on its decision announced earlier...
In a move to expand in the U.S., Seven & i Holdings of Japan is reportedly in discussions to buy the Speedway gas station chain from Marathon Petroleum for approximately $22 billion. This could be the next in a run of deals that have seen Japanese firms...
July 21, 2022
Convenience store chain 7-Eleven has cut around 880 corporate jobs in the U.S., a year after completing its $21 billion acquisition of rival Speedway. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS […]
August 03, 2020
As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings Co. agreed to purchase the Speedway fuel stations...
February 21, 2020
In a move to expand in the U.S., Seven & i Holdings of Japan is reportedly in discussions to buy the Speedway gas station chain from Marathon Petroleum for approximately $22 billion....
