retail news in context, analysis with attitude

The Wall Street Journal reports that Canada-based Alimentation Couche-Tard has reached an agreement to acquire Exxon Mobil’s On The Road franchise system, which represents some 450 convenience stores around the country. In addition, Couche-Tard will buy 43 Exxon Mobil corporately owned stores in Arizona.

Terms of the deal were not disclosed.

The deal is expected to close in late May.

KC's View: