Giant Eagle to sell GetGo convenience stores to Couche-Tard parent company

Giant Eagle's decision to sell its GetGo convenience stores to Couche-Tard, a parent company known for its extensive network of convenience store operations, marks a significant shift in the retail landscape. This strategic move reflects not only Giant Eagle's efforts to streamline its operations but also underscores the increasing competition within the convenience store sector. By divesting from GetGo, Giant Eagle appears poised to refocus on its core grocery business while leveraging Couche-Tard’s expertise in managing convenience stores.

Couche-Tard have demonstrated an ability to adapt effectively by offering tailored products and services that cater to these demands. The acquisition may enable Couche-Tard to enhance their market presence significantly in regions where GetGo operates, ultimately benefiting consumers through improved offerings and potentially lower prices due to increased competition.

The move follows Couche-Tard’s submission today of a friendly, nonbinding proposal to Seven & i Holdings Co. Ltd., the parent company of 7-Eleven Inc., to acquire all outstanding shares of Seven & i.

GetGo operates approximately 270 convenience retail and fueling locations across Pennsylvania, Ohio, West Virginia, Maryland and Indiana and has approximately 3,500 employees. GetGo has a variety of models, from open-concept stores to standalone kiosks and features a menu of made-to-order foods.

GetGo gas stations will keep their branding and won’t be converted into Circle K’s, said Giant Eagle CEO Bill Artman. All GetGo’s employees will be retained either by GetGo or at Giant Eagle, he said.

The myPerks program, which lets Giant Eagle and Market District shoppers earn perks and exchange them for groceries and gas discounts, will continue after the sale.

The acquisition is expected to close in calendar year 2025 subject to standard regulatory approval and closing conditions and will be financed using the company's available cash and/or existing credit facilities, including its U.S. Commercial Paper Program. The companies are not disclosing the financial terms of the transaction.

Giant Eagle is the fifth-largest employer in Allegheny County and among the top 20 in Pennsylvania, according to the most recent data posted by the state Department of Labor & Industry for the first quarter of 2024.

 Read more

Sarah H

Also on site :

• The Princess Bride star Cary Elwes breaks silence on his grief over Rob Reiner’s death: ‘Life is pain without you’
• Eric Dane now in 24-hour care amid ALS diagnosis as estranged wife Rebecca Gayheart shares health update
• My Christmas week in the most miserable place in Britain