Top C-Store M&A Deals of 2024
Couche-Tard’s bid for Seven & i is now being scrutinized by Japan’s Economy Minister, who has raised concerns about national security implications. This is shaping up to be a significant M&A deal in 2024. Reliance Fuel has acquired The Store from Team Schierl, while EG Group is reportedly considering a $14 billion U.S. public stock listing.
In other news, Chestnut Market is expanding its presence in the Hudson Valley with the purchase of three convenience stores. This shows a trend of growth and consolidation in the convenience retail sector.
Looking ahead, C-Store retailers are strategizing for success in 2025. Tom Newbould of consulting firm W. Capra has laid out a game plan for the new year. It’s crucial for businesses to adapt and evolve to meet changing consumer demands.
In the foodservice sector, Papa John’s is shifting its focus towards carryout over delivery, with significant implications for its operations. This change reflects broader shifts in consumer behavior in the pizza business.
On the beverage front, beer sales in convenience stores are facing challenges despite efforts to innovate and maintain brand image. This highlights the need for adaptation and staying ahead of industry trends to succeed in the market.
As we reflect on the biggest C-Store M&A deals of 2024, it’s clear that significant changes are underway in the industry. Stay tuned for more updates on the evolving landscape of finance, securities, and exchange news.
