Slurping Up The Competition

The owner of 7-Eleven is buying the Speedway chain of gas stations for $21 billion. This is the first big acquisition we’ve seen since the pandemic and it is an all-cash deal showing that there is still a business world and the gas station and convenience store business is still around.

The convenience chain 7-Eleven is owned by a Japanese company called Seven & i Holdings, even though it began as a single American-owned store that was open from 7 a.m. until 11 p.m. I know because my step-grandfather franchised one and he always gave me Nestle Crunch bars. But I digress.

After this deal, 7-Eleven will have a presence in 47 of the 50 largest metropolitan areas to bring Slurpee brain freeze to more people than ever before!

Share this article

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top