Monterrey, Mexico-based Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) has entered into definitive agreements with Delek US Holdings Inc. to acquire Delek’s retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of $385 million on a cash-free, debt-free basis, including the purchase of inventories. Delek is a downstream energy company with a focus on petroleum refining; its retail operations are being carved out for this transaction. Operating under the DK brand, approximately 90% of Delek’s convenience stores are in the state of Texas, with the remaining sites located mostly in New Mexico and a small presence in Arkansas. Almost all stores have a gas station under the DK and Alon fuel banners; the transaction also includes a small fuel transportation fleet. With a total addressable market of more than $850 billion, more than 150,000 locations and significant fragmentation, the US convenience and mobility market…

With the acquisition of the TMS Ignite network, the VMO On-The-Go network now boasts 1,200 high-transacting petro convenience locations nationally. Sydney, NSW – VMO has announced a strategic expansion of its VMO On-The-Go network, securing advertising rights across 500 premium petro and convenience locations with the acquisition of the TMS Ignite network. The acquisition gives brands access to a strategically placed, high-impact network of digital advertising screens at the entrance to Coles Express and Reddy Express convenience stores. VMO’s expanded VMO On-the-Go network supercharges brands with placement in the booming Petro and Convenience sector, with screens reaching consumers when they are most receptive to advertising messages. With the addition of the TMS Ignite network, VMO On-the-Go now boasts a comprehensive network of 1,200 locations and more than 4,000 screens, making the VMO On-The-Go network the clear market leader in the retail-convenience segment. This expanded reach offers advertisers mass coverage across…

7-Eleven Australia has launched a 10 store trial of the next generation Pay & Go technology to test new ways to give customers a faster way to shop. 7-Eleven Australia’s Pay & Go 2.0 trial, powered by Grabango, enables customers to pay for their shopping using the My 7-Eleven App or in-store kiosk without the need to scan individual items. The technology uses computer vision to allow customers to pay for their shopping with a single tap of a credit card or by using the My 7-Eleven app. The system automatically adds up the items, processes payment, and sends the receipt to the customer. 7-Eleven Australia General Manager-Technology and Strategy, Stephen Eyears said “the next generation of Pay & Go, which has been developed with our partner Grabango, is part of our commitment to trialing innovative digital capabilities to serve our customers and provide them with faster shopping experiences.” “Grabango technology…

“Outraged” traders plagued by armed teen thieves storming petrol stations and convenience stores have called on magistrates to take their plight seriously and get tough on the scourge of youth crime. Fed-up shop traders who have been targeted by armed teenagers stealing cigarettes have called on magistrates to consider the wellbeing of victims amid a surge of armed robberies. Gangs of masked and armed teenagers have been storming petrol stations and convenience stores across town, stealing thousands of dollars worth of legal smokes in daylight and late-night attacks. Under the command of more senior organised crime figures, the teenagers are paid as little as a couple of hundred dollars to steal the goods before passing them on to dodgy retailers. Senior police have noticed a strong rise in the amount of armed robberies at stores since March, while noticing a decline in the amount of car thefts from homes. The teenagers have realised…

The $1.1 billion deal will expand the company’s Texas footprint and add three new states to its operations. Less than a year ago, Casey’s General Stores entered Texas by acquiring Lone Star Food Stores. Today, the Ankeney, Iowa-based retailer made a bigger commitment to the state, agreeing to purchase Fikes Wholesale, owner of 198 CEFCO Convenience Stores. The all-cash transaction totaled $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million. The proposed transaction will increase Casey’s footprint to nearly 2,900 stores. The acquisition will bring 148 additional stores to Texas, which Casey’s describes as a “highly strategic market” for the retailer, as well as 50 stores in Alabama, Florida and Mississippi. In addition to the retail stores and dealer locations, the transaction includes a fuel terminal and a commissary to support the Texas stores. “During our Investor Day presentation…

Previous owner Mike LaVitola and Further Point Enterprises plan to ‘return to its roots, highlight local brands and bring back the original concept’. The original owners of bankrupt urban convenience-store chain Foxtrot are opening the chain’s doors again, according to an Instagram post and a spokesperson from the company. “Three months after the unexpected closing of all the Foxtrot stores, a group of us former Foxtrot team members are banding together to bring back the original concept. The decision to shut down Foxtrot, and to do it so abruptly, was not ours. We believe the old Foxtrot lost its way,” the July 30th post said, in part. “In the unnecessary race to be the biggest, it lost sight of why it started in the first place.” Mike LaVitola, Foxtrot’s founder, started a new company in June after Outfox Hospitality, the chain’s parent company, declared bankruptcy and sold its assets for…