7-Eleven, Inc. Announces Acquisition of Independently Operated 7-Eleven Stores in Oklahoma

7-Eleven, Inc. acquires independently operated 7-Eleven stores in Oklahoma, expanding regional presence.

Read the original at Franchising.com
7-Eleven, Inc. Announces Acquisition of Independently Operated 7-Eleven Stores in Oklahoma

TL;DR

7-Eleven, Inc. has announced the acquisition of over 100 independently operated 7-Eleven stores in Oklahoma, expanding its regional presence. The transaction is expected to close in 60-90 days, subject to standard closing conditions and regulatory approvals.

IRVING, Texas, Jan. 17, 2020 // PRNewswire // - 7-Eleven, Inc. announced that it has entered in an agreement to acquire "7-Eleven Stores" of central Oklahoma, which includes more than 100 7-Eleven-branded locations that have been operating independently for 67 years. The transaction is anticipated to close in 60-90 days, subject to standard closing conditions and regulatory approvals.

All of the stores being acquired are located in the greater Oklahoma City metropolitan area, bringing the total number of 7-Eleven stores in the U.S. and Canada to more than 9,700.

"Oklahoma has a growing economy, and this acquisition provides a great opportunity for us to expand regionally," said 7-Eleven President and CEO Joe DePinto.

Seven & i Holdings Co., Ltd., the parent company of 7-Eleven, Inc., operates almost 70,000 stores in 17 countries globally.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 70,000 stores in 17 countries, including 11,800 in North America.

Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven offers customers industry-leading private brand products under the 7-Select™ brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® loyalty program, place an order in the 7NOW® delivery app in participating markets, or rely on 7-Eleven for bill payments, self-service lockers and other convenient services.

Find out more online at www.7-Eleven.com, via the 7Rewards customer loyalty platform on the 7-Eleven mobile app, or on social media at Facebook, Twitter and Instagram.

In this story

This story was originally published in Franchising.com on January 17, 2020. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

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