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. In a...
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. The debt and cash transaction will supplement...
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. This shift comes as U.S. businesses have been dealing with inflation nearly across for the board for everything from rent to gas, CNBC reported Thursday (July 21). Many companies have been […]
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....
