Convenience Store News

NOV 2014

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10 Convenience Store News | NOVEMBER 2014 | WWW.CSNEWS.COM CSNEWS.COM 1 | 7-Eleven Franchisees Plead Guilty to Exploiting Illegal Immigrants Five people pleaded guilty to exploiting undocumented immigrant workers more than a year after a federal probe into alleged illegal immigration-related activi- ties resulted in the seizure of several 7-Eleven convenience stores in Long Island and Virginia. Prosecutors said the defendants hired illegal immigrants and used stolen identification to cheat the workers out of more than $2.6 million in wages. 2 | Speedway Takes Ownership of Hess Retail Marathon Petroleum Corp.'s Speedway LLC subsidiary closed on its purchase of Hess' retail operations on Sept. 30. The $2.82-billion transaction included a $2.37-billion base purchase price, capital leases that were cash settled at closing for $263 million, and $194 million of estimated working capital. 3 | Susser Heads West With Aloha Petroleum Buy Susser Petroleum Partners LP is on the move with its acqui- sition of Aloha Petroleum Ltd. for a base purchase price of approximately $240 million. "Hawaii is a great new market for us with an economy that has grown faster than the overall U.S. economy in the last few years," stated Bob Owens, Susser Petroleum Partners CEO. 4 | Ex-Pilot Flying J President Receives Target Letter Pilot Flying J's former president is the target of a federal investi- gation linked to allegations of fraud in the company's fuel rebate program. In early August, Mark Hazelwood received a target let- ter, the official form federal prosecutors send to let an individual know they are the target of an investigation. 5 | Hannasch Officially Takes the Reins at Couche-Tard Brian Hannasch formally accepted the role of president and CEO of Alimentation Couche-Tard Inc. during the company's Sept. 24 annual shareholders meeting. He replaces founder Alain Bouchard, who is now executive chairman of the board. ONLINE EXCLUSIVE PRODUCT HIGHLIGHT The most viewed New Product online. TOP 5 Daily News Headlines The most viewed articles online. Convenient Convenience Drives Convergence Five years ago, many leading convenience store operators were worried about other c-stores stealing their ideas. Then, they began to think they should only worry about the day when they stop stealing ideas. Well, that day may have arrived. The current convenience store business model is under attack and c-store operators cannot rest on their laurels. Hair Clog Remover Tool The Instant Power Drain Snake Hair Clog Remover Tool is a chemical-free alternative to remove clogs fast. The product features an 18-inch flexible wand with dozens of "teeth" that grab hair, food, garbage and other obstruc- tions out of a clogged drain. The tool is quick and easy to use — simply insert and remove from the drain without the use of any chemicals, the maker stated. Scotch Corp. Dallas (800) 613-4242 www.scotchcorp.com For more exclusive stories, visit the Special Features section of www.csnews.com. POLL No Maybe Would you be interested in selling marijuana if it were legalized in your state? Yes 6% 45% 49%

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