7-Eleven continues aggressive growth with purchase of 183 ExxonMobile sites
Dallas — 7-Eleven has agreed to acquire ExxonMobil’s retail interests in 183 Florida sites. The transaction, expected to close early in 2011, is subject to standard closing conditions and regulatory approvals. Terms of the deal were not disclosed.
Included in the acquisition is a combination of company- and dealer-operated sites located in Orlando, Southwest Florida, Palm Beach and Broward County. The 183 sites include five unused parcels of land. The majority of locations will be rebranded as 7-Eleven operations, and all will retain the Mobil gasoline brand.
"This acquisition fits well with our aggressive growth strategy," said Sean Duffy, 7-Eleven VP mergers and acquisitions. "This purchase of these ExxonMobil sites adds to the approximately 750 locations that 7-Eleven has acquired or added since 2007 when we ramped up our expansion efforts."
After the transaction closes early next year, 7-Eleven will begin remodeling and reimaging the locations, with work anticipated to be completed over a two-year period.
Currently, 7-Eleven operates and franchises 610 stores in Florida.
Callison partners with Abercrombie & Fitch, Urban Outfitters for international expansion
Seattle — Callison has teamed with parent companies Abercrombie & Fitch and Urban Outfitters to internationally expand the Hollister Co./Gilly Hicks and Urban Outfitters/Anthropologie brands, respectively.
Abercrombie & Fitch has retained Callison as its architect of record to implement its expansion for Hollister in the United Kingdom and Germany. A total of five stores have opened under Callison’s direction with approximately 10 more locations planned.
Execution of the first international Gilly Hicks intimates store is well underway in London and is expected to be completed before year-end 2010.
Callison is also the architect of record for Urban Outfitters’ expansion of the Urban Outfitters brand and is working on store locations in Brighton, U.K., and Berlin, Germany.
Sunflower Farmers Market to open stores in California
New York City — Sunflower Farmers Market, which operates value-priced organic and natural food grocery stores, is opening its first store in California.
Sunflower currently operates 32 stores in six Southwestern states. The chain, which focuses on offering fresh local foods at affordable prices, was founded in 2002 by Mike Gilliland, who helped start the Wild Oats chain that was later bought by Whole Foods Market.
The first California site, in Roseville outside of Sacramento, will open in April. The company also plans to add a site in San Jose.