Alimentation Couche-Tard Inc. (the Corporation, Couche-Tard, we or our) is a Canadian publicly-traded, global convenience store and transportation fuel retail company headquartered in Laval, Quebec. How do you get into university in Canada? Circle K Corp/The - Company Profile and News - Bloomberg Markets At the time of the GLP agreement, Li & Fung CEO Spencer Fung explained in a statement to the stock exchange that the buyout was a way for the company to gain more leeway to restructure its core businesses. We are pleased that you are interested in becoming a Circle K Franchisee. Couche-Tard launched into the US market with the acquisition of Circle K stores in 2003 and has since developed into a global brand represented in over 20 countries. "Lets make it easy" is our quest and the words we must live by. Alimentation Couche-TardMacs Convenience StoresOur Parent CompanyAlimentation Couche-Tard Macs Convenience Stores has been owned and operated by Alimentation Couche-Tard since 1999. Hear the latest economic, business and market news, as well as global, national, and local news. * The total investment necessary to begin operation of a Circle K convenience store franchise is from $268,500 to $3,029,500 if you are converting an existing convenience store to a Circle K store and $1,383,500 to $4,846,500 for a newly constructed Circle K Store. With traffic down due to the ongoing crisis, the company cut operation of its Circle K network by 10,000 hours during the first half of 2020. Little did anyone know that these stores would serve as the beginning of Circle K. During the early years, Hervey's enterprising spirit enabled the company to make its mark in the southwestern part of the United States. This website uses cookies to ensure you get the best experience on our website. We encourage you to learn more about our minimum qualifiers below. TMC Franchise Canada Inc., the franchisor of Circle K convenience stores in Canada, is part of Alimentation Couche-Tard and is over 14,000 stores strong worldwide and growing. Boston PizzaBoston Pizza offers one of the most profitable franchises in Canada, illustrated by the fact that their franchise locations make, on average, gross sales of over $2.8 million. Li & Fung Retail Unit Sells Hong Kong Circle K Stores - Mingtiandi Circle K is one of the world's leading convenience and fuel retail businesses and has approximately 14,200 sites across its network in North America (U.S. and Canada), Europe (Norway, Sweden, Denmark, Ireland, Poland, and Baltics), Asia, and the Middle East. A Convenient Fortune: Soaring Stock Of Circle K's Parent - Forbes This approach to M&A has contributed to Couche-Tard becoming one of Canadas largest companies, with more than $58 billion in revenues and 130,000 employees worldwide, according to Forbes. Royal Dutch Shell, the parent company of Shell gas stations, sold the majority of its US fuel retail business to Marathon Petroleum Corporation (MPC) for $2. For the company, the name change was more than just a rebranding, but rather a newer and improved version of the company which prioritizes convenience for its customers. 7-Eleven Inc.Top 202 Convenience Stores 2020. Convenience stores 2023 Franchise 500 Rank #88 Ranked #52 last year See the Full List Initial investment $269K - $2.1M Units as of 2022 11,127 Jump to Franchising Overview Circle K is a chain. Mac's stores have been a fixture across Canada since the early 1970s. Founded in 1980 in Laval, Quebec, Couche-Tard has grown to be the largest convenience store chain in North America and the second largest in the world. Calling the deal a significant milestone, the Quebec-based firm said the Hong Kong acquisition provides the Company with a platform in Asia from which to launch its regional growth ambitions. Best Alarm System Aliexpress (2023 Update). Circle K stores are currently available in U. S. states including Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Jersey, New Mexico, Pennsylvania, Texas and Washington. In Circle K we aim to find talents and allow our people to do what they do best. The balance sheets in good shape, its ready., Quebecs Couche-Tard sees potential M&A in US, Europe, Firm made unsuccessful bid for Frances Carrefour last year. The convenience store is launching an international rebranding program that will modernize and customize its stores. Who owns Circle K in Canada? None of the content below should be misconstrued as investment advice or a recommendation. For over 60 years, Circle K built a following that assures shoppers they will find merchandise from top brands, as well as private brand products tailored to their preferences. Circle K was founded by entrepreneur Fred Hervey in Texas in 1951. Hong Kong-listed Li & Fung subsidiary Convenience Retail Asia announced on 5 November that it had agreed to sell its 340 Circle K convenience stores in Hong Kong, along with 33 franchised outlets in Macau, to Couche-Tard for HK$2.79 billion ($360 million) in cash. Its North American network consists of 18 business units, including 14 in the United States covering 48 states and 4 in Canada covering all 10 provinces. Circle K is an international chain of convenience stores owned by the Canadian company Couche-Tard. A Couche-Tard gas station in Pincourt, Quebec. Circle K Stores and Alimentation Couche-Tard. Canadas Alimentation Couche-Tard Inc. has the financial strength to do a $10 billion to $15 billion acquisition, and its top executive hopes that disruption in the global economy will pave the way for a sizable deal. 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The Circle K Corporation operates convenience stores. CERTAIN ACTIVITIES PROVIDED VIA THE WEBSITE MAY BE COVERED BY U.S. PATENT 5,930,474. Plus, were committed to providing the kind of comfortable and convenient shopping experience that will keep our customers coming back whether thats in-store seating to enjoy a beverage or a meal, or quick service when youre on the go. Shell is a subsidiary of Royal Dutch Shell and Circle K is a subsidiary of Alimentation Couche-Tard, so it would be extremely difficult for one to buy out the other. Who Owns Circle K Gas Stations and Can You Invest in Circle K Stock? PRIVACY POLICY | Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. CERTAIN ACTIVITIES PROVIDED VIA THE WEBSITE MAY BE COVERED BY U.S. PATENT 5,930,474. 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The Circle K brand has more than 9,300 stores in North America, 2,800 stores in Europe and more than 280 stores in China and Sri Lanka. Asia real estate and outbound investment news, 2020/11/09 by Elizabeth Kerr Leave a Comment, Hong Kongs Circle K shops may soon offer poutine and back bacon as Couche-Tard takes over. In Circle K we have a common set of beliefs; beliefs that are important for our culture and the way we work. Canada. More existentially, some speculate that the future of gas stations could be limited with the growing adoption of electric vehicles. It is the Top employer in 2020 in Latvia's GBS Sector, as well as the 2nd biggest GBS (Global Business Services) Centre* in Latvia. How much does a Circle K franchise cost in Canada? Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Bayne Stanley/The Canadian Press. As a globally recognized brand, Circle K has a rich history of franchising outside of the U.S. and Canada. Company profile page for Circle K Corp/The including stock price, company news, press releases, executives, board members, and contact information Were here when and where our customers need us. The company was founded in 1922 and operates over 900 convenience stores across the United States. Privacy Policy Circle K is a convenience store chain owned by a Canadian multinational corporation Alimentation Couche-Tard Inc. Couche-Tard was founded in 1980 in Quebec, Canada, by Alain Bouchard, the current Chairman of the Board of the company. More than 700 employees working in a cozy Riga office. Overall, the name change was seen as a reflection of the companys core commitment to customer convenience, and will open up a range of new opportunities for growth and expansion. Circle K is a privately owned company based in Wichita, Kansas. However, they remain two separate entities and neither has committed to an acquisition of the other. In a statement, Couche-Tard hailed the acquisition as its entry into Asia, with the move putting the company behind only 7-Eleven among convenience store operators in Hong Kong. Currently there are approximately 2000 international franchise locations with Master License Agreements in place in Cambodia, Egypt, Honduras, Indonesia, Jamaica, Kingdom of Saudi Arabia, Mexico . Circle K is a convenience store chain offering a wide variety of products for people on the go. When you shop through links on our site, we may earn an affiliate commission. Circle K Business Centre is a shared service centre in Riga, Latvia that supports Circle K operations within Finance & Control, Information Technology, Human Resources, Transport Fuel, and Customer Service. We are a family of more than 100,000 merchants around the world. This expansion will not only provide customers with more convenient locations to visit, but will also give Circle K the opportunity to capitalize on new categories and the potential for future growth. It became the largest publicly traded convenience store chain in the US and expanded into numerous additional foreign markets. What is the flower for Nova Scotia Canada? Hundreds of Mac's Convenience Stores found in towns and cities across Western Canada will be rebranded as Circle K by the end of 2018, the Quebec-based parent . In the US, they partner with multiple fuel suppliers including Phillips 66, the Andeavor (formerly Tesoro) division, and Valero. Every Cup Ground Fresh. Shell is a global oil and gas company headquartered in the Netherlands. We show up every day ready and committed to make an impact using our talents, passion, and hard work. How does SIP and save work at Circle K? - Remodel or Move The author holds none of the positions mentioned below. Circle K Stores and Alimentation Couche-Tard. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); Troubled mainland developers lead this weeks roundup of personnel moves from around Asia as four Hong Kong-listed Read More>>, Canadas third-largest public pension plan has chosen a new leader for its operations in Asia Pacific, with Bruce Crane Read More>>, Director departures and appointments at Hong Kong-listed companies lead this weeks list of personnel changes from Read More>>, Vietnamese developer Novaland has bid farewell to two board members in the span of a month, one of whom tendered his Read More>>. Circle K Stores's Competitors, Revenue, Number of Employees - Owler Shell provides crude oil, fuels, lubricants, and other energy products to consumers. How many service stations are there in Canada? No, Circle K and Shell did not merge. Start a Circle K Franchise in 2023 - Entrepreneur Stocks Decline as China Data Saps Risk Sentiment: Markets Wrap, China Restricts Export of Chipmaking Metals in Clash With US, Odeys Hedge Fund Empire Is Disintegrating Bit by Bit, Bank of America Says it Started Talks With Fed After Stress Test Results, Taylor Swifts Singapore Gig Frenzy Propels UOB Card Signups. PRIVACY POLICY | Business Centre Riga is constantly striving for improvements, achievements, development, and results. Mark Paul Sat Oct 17 2020 - 06:30 Arms folded on his chest, face beaming, Circle K managing director Gordon Lawlor strikes a pose for The Irish Times photographer outside the fuel group's huge. Working at our offices means youll be part of our talented team of specialists in logistics, procurement, accounting, sales, IT, HR, and marketing, to mention a few. TERMS OF USE Every week, Chang will go on location to meet the worlds most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most impactful stories, launches, and trends, TikTok Emerges as Threat to Amazon With $20 Billion Shopping Pilot, Turkey in Talks to Sell Izmir Port Operating Rights to Gulf Investors, Frances Factory Rebound to Three-Year High Signals Resilience, ECB Says Consumer Inflation Expectations Continue to Decline, Turkeys Inflation Letup Still Intact But at Risk From Lira, Tesla Tests the Limits of Elon Musks Minimal Model Strategy, German Carmakers Are Bleakest About Their Future Since 2008, Law Firms Are Recruiting More AI Experts as Clients Demand More for Less, Taiwans Powerchip Teams Up With SBI to Build Japan Foundry, Zuckerberg Under Fire in China After Report of Quest Sale Talks, US to Curb China Access to Cloud Services Like Amazon, WSJ Says, Will AI Take My Job? We are always looking for passionate people to join our journey. Potential risks beyond its International exposure include direct exposure to consumers struggling with high gas prices and inflation generally. The company also owns a stake in the Norwegian fuel and convenience retailer, Reitangruppen. Globally the companys retail footprint spans 47 US states, all 10 Canadian provinces, Scandinavia, the Baltics, Russia and Ireland. Circle K is the second largest convenience store chain in Canada, after Couche-Tard (7-Eleven). This company-owned model contrasts with that of competitor 7-Eleven, which operates a franchise model and is the only convenience store chain larger than Circle K nationally. Shareholders will receive a special HK$3.85 dividend as a result of the sale. Circle K serves customers in North America and Europe. Circle K is owned by the Canadian company Couche-Tard, the worlds largest convenience store operator. Canadian convenience-store operator Alimentation Couche-Tard Inc. says it's actively examining more acquisitions as potential targets get cheaper. As a big company and a global brand, it is very important to never forget this. If you are committed to what you do you will be recognised. Whats different about cashing a Government of Canada cheque? Circle K is an international convenience store chain owned by Alimentation Couche-Tard, which also owns and operates other brands, including Kangaroo Express and Mac's. The company is based in Canada, where it operates more than 9,900 locations. Our innovative store design and merchandising is second to none. Additionally, Couche-Tard would eventually convert its other notable brands including Statoil, Macs and Kangaroo Express and rebrand them to Circle K. Some of the acquisitions that have Alimentation Couche-Tard has completed and converted into Circle K branded gas stations include: Speaking to Fortune Magazine in 2020, CEO Brian Hannasch described Couche-Tards approach to mergers and acquisitions (M&A): We are not a group of Harvard MBAs, weve developed a unique culture. Ontario | Circle K is a convenience store chain offering a wide variety of products for people on the go. There are four main reasons why Circle K Business Centre might be one of the best places to work. We are a part of the Global organisation. . Canada - Select your region | Circle K The company was known at this time for its conservative stance with employees, threatening to cut off health insurance benefits for those associated with lifestyles it disagreed with. Recently the company also acquired a stake in Canadian cannabis retailer Fire & Flower. We are recognized for our strong food service brands, Simply Great Coffee, and of course our icy cold, flavour abundant Frosters. The deal provided Couche-Tard with immense scale, as well as a network of established stores with a range of services to meet the needs of their customers. About us | Circle K It also has locations in Europe, Africa and the Middle East. Why did Kangaroo become Circle K? SEE OFFERS . Quebec-owned Mac's among the 1st chain convenience stores in the 1970s. Upon closing of this transaction, Couche-Tard will reach a milestone in its strategic ambition of entering the high growth Asia-Pacific market with a first-rate management and operations team, which has the credibility, experience and capabilities to support future expansion in the region, Couche-Tard president and CEO Brian Hannasch said. Responsible Retailing Who owns Circle K in California? - Kembrel.com How many Circle K locations are there in Canada? How many Couche Tards are there in Canada? Grand Canyon . Privacy policy A 2020 supply partnership between Houston-based Musket and Circle K created a joint purchasing agreement and allowed Circle K to grow its trucking fleet and improve fuel sourcing flexibility. Hong Kong-listed Li & Fung subsidiary Convenience Retail Asia announced on 5 November that it had agreed to sell its 340 Circle K convenience stores in Hong Kong, along with 33 franchised outlets in Macau, to Couche-Tard for HK$2.79 billion ($360 million) in cash. Shell, the oil industry company, announced on Tuesday that they'll cease the purchase of all Russian crude oil, hydrocarbons, petroleum, gas and liquefied natural gas in a "phased manner." The company will also shut down all service stations, aviation fuels and lubricants operations in Russia. Circle K Business Centre is a founding member of The Association of Business Service Leaders in Latvia (ABSL). 9 billion. In 2020, the Canadian convenience store chain, Couche-Tard Inc. , announced that it had acquired Circle K in a deal worth $4. Alimentation Couche-Tard Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. No, unfortunately, you cannot use your Shell gas card at Circle K. Shell gas cards can only be used at Shell gas stations and cannot be used at any other gas station. Play Ontario | Circle K is a convenience store chain offering a wide variety of products for people on the go. Yes, Circle K was bought out. Where is Costco building new stores in Canada? Additionally, the similarity of the topaz diamond logo to the Circle K logo made the transition smoother. Buying the shares on the Canadian exchange will provide investors with the most liquidity, but does require some extra steps such as exchanging currency and also keeping up on differences in trading hours and holidays between Canada and the US. In 1979, Circle K expanded internationally with a licensing agreement in Japan. As part of the agreement, Couche-Tard will purchase all outstanding shares of Circle K. The company also indicated plans to keep Circle K as an independent, distinct and complementary brand to Couche-Tard. In addition to its direct holdings, Couche-Tard has another 2,300 licensed stores operating in 15 other jurisdictions, including Indonesia, Vietnam, the UAE and Mexico, bringing its worldwide total to 14,350 outlets. In addition to operating Circle K, Couche-Tard has controlling interests in many convenience stores in the United States, such as Caseys and Ingo, and outlets in Europe, South America and Asia. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. How many convenience stores are in Alberta? How long will it take to drive from UK to Canada? The bright Circle K logo is a beacon for customers from all over seeking a convenient place to find quality products and a great shopping experience. Quick Summary: Circle K is owned by parent company Alimentation Couche-Tard, a publicly traded Canadian multinational company that is available to US investors under the OTC stock symbol ANCTF. According to September data from Hong Kongs Census and Statistics Department, overall retail sales in the city remain down 28.7 percent for the year to date, although supermarket sales (which include convenience store figures) were up 11.2 percent from the same month in 2019. Proudly Canadian-owned, Circle K is one of the most widely recognized convenience store brands in the Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Circle K has the franchise fee of up to $25,000, with total initial investment range of $185,500 to $1,601,500. The global corporation Couche-Tard owns Circle K Stores, Inc., which has its headquarters in Laval, Quebec, Canada. In the last two years 25% of employees have been promoted. The company was divided into three geographic business units: eastern Canada, central Canada, and western Canada. We stay humble and celebrate shared successes. As a globally recognized brand, Circle K has a rich history of franchising outside of the U.S. and Canada. Since being acquired, Circle K stores have proliferated across the US and much of the globe via its parent companys voracious appetite for acquisitions and licensing agreements. Im hoping the uncertainty thats out there today does create an environment where we can be acquisitive, Chief Executive Officer Brian Hannasch said. Unfortunately, the stock is not currently available on Robinhood, so you will have to use a different broker if youre interested in investing in the company. If you do not own a site and are interested in joining Circle K as an Independent Store Operator, you can learn more about that process: (Please note Circle K Franchise does nor administrate this program and cannot answer inquiries regarding it). The retail network includes 2,043 stores, with 1,816 in Canada, 236 in the United States, and one in Mexico. The group implementing global & local initiatives covering all areas of Diversity & Inclusion. Our current exclusive brands are - Favorites, Polar Pop, Froster, Circle K Carwash, Circle K Fuel and Fresh Food Fast. This educational content is not intended to be a substitute for professional advice. The Wall Street Journal reported that Couche-Tard was exchanging proposals with EG Group as part of a $16bn deal to fulfil its global growth ambitions. Currently there are approximately 2000 international franchise locations with Master License Agreements in place in Cambodia, Egypt, Honduras, Indonesia, Jamaica, Kingdom of Saudi Arabia, Mexico, New Zealand, Republic of South Africa, Socialist Republic of Vietnam, and United Arab Emirates. 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No, Circle K is not Russian owned. Policy Prohibiting Human Trafficking, Slavery and Child Labor Violations Our innovative store design and merchandising is second to none. We challenge ourselves to play offense, not defense, which means we need to be quick and innovative. Can I sponsor my sister as a nanny to Canada? During the next few decades, Circle K grew its retail network through a series of acquisitions, eventually incorporating into the Circle K brand. COPYRIGHT 2023 CIRCLE K STORES AND ALIMENTATION COUCHE-TARD. Circle K is an Arizona-based holding company that owns and operates a chain of convenience stores. A move that could eventually pave the way for a broader roll-out of cannabis products at its convenience stores, when legalized. Alimentation Couche-TardFirst established in Texas in 1951, Circle K was acquired by Alimentation Couche-Tard in 2003. Aside from its Circle K shops, the retailers other brands include Macs, Corner Store, Holiday and Ingo.
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