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Business Management Retail Retailer

Sunoco LP names Joe Kim as chief executive officer

DALLAS, 2017-Nov-07 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") announced today (Nov. 6, 2017) that Joe Kim has been named chief executive officer of Dallas-based Sunoco LP, effective January 1, 2018. Kim has been serving as president and chief operating officer since June following the announcement that current Chief Executive Officer Bob Owens would retire from the…
November 7, 20170Comments

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Business Management Retail Retailer

Sunoco LP to present at the Citi MLP/Midstream Infrastructure Conference

DALLAS, 2017-Aug-17 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today (Aug. 16, 2017) announced that its senior management will hold 1x1 meetings with institutional investors at the Citi MLP/Midstream Infrastructure Conference in Las Vegas on August 16-17 . Presentation materials to be used during these meetings are available on the…
August 17, 20170Comments

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Business Financial Management Retail Retailer

Sunoco LP Q2 results: Revenue totaled $2.4 billion; 13% up from same period previous year

DALLAS, 2017-Aug-09 — /EPR Retail News/ — Executed definitive agreement to divest a majority of company-operated convenience stores to 7-Eleven, Inc. and launched sales process for remaining company-operated convenience stores in North and West Texas, New Mexico and Oklahoma Results of the retail divestitures are presented in discontinued operations Maintained quarterly distribution of 82.55 cents and reported current quarter cash…
August 9, 20170Comments

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Business Management Retail Retailer

Sunoco LP president and CEO Robert “Bob” W. Owens to retire; Joe Kim to succeed

Sunoco Executives Cynthia Archer and Boyd Foster Also Retiring DALLAS, 2017-Jun-24 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) announced today (June 22, 2017) that Robert "Bob" W. Owens, president and chief executive officer has announced his intention to retire from the Partnership as of December 31, 2017, after more than 20 years with Sunoco…
June 24, 20170Comments

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Business Children Convenience Stores Financial Management Philanthropy Retail Retailer

Sunoco LP’s Miracle Balloon Fundraising Campaigns raised more than $1.6 million dollars for Children’s Miracle Network Hospitals

DALLAS, 2017-Jun-17 — /EPR Retail News/ — Donations through in-store Miracle Balloon Fundraising Campaigns at Stripes and APlus stores helped raise more than $1.6 million dollars for Children's Miracle Network Hospitals (CMN Hospitals) around the country. Since 2000, Stripes and APlus, owned and operated by Sunoco LP, have partnered with CMN Hospitals to raise more than…
June 17, 20170Comments

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Business Convenience Stores Management Retail Retailer

Sunoco LP recorded total revenue of $4.4 billion an increase of 36.7 percent in 1Q 2017 vs. same period last year

- Completed the private placement of $300 million in SUN preferred equity to ETE - Maintained quarterly distribution of 82.55 cents, an increase of 1.0 percent compared to first quarter 2016 - Executed definitive agreement to divest a majority of company-operated convenience stores to 7-Eleven, Inc. for $3.3 billion; transaction includes 15-year take-or-pay fuel supply agreement with…
May 4, 20170Comments

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Business Consumer Goods Convenience Stores Financial Management Retail Retailer

Sunoco LP declares quarterly distribution of $0.8255 per common unit for the first quarter of 2017

DALLAS, 2017-May-01 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2017 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis.  The first quarter distribution is unchanged from the…
May 1, 20170Comments

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Business Convenience Stores Financial Management Retail Retailer

Sunoco LP to divest a majority of convenience stores to 7-Eleven for $3.3 billion

Executes definitive agreement to divest a majority of convenience stores to 7-Eleven for $3.3 billion Includes 15-year take-or-pay fuel supply agreement with 7-Eleven starting with approximately 2.2 billion gallons annually Launches sales process for remaining convenience stores in North and West Texas, New Mexico and Oklahoma Investor call scheduled for 8:00…
April 10, 20170Comments

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Business Convenience Stores Food & Beverage Management Outlet Retail Retailer

7‑Eleven acquires 1,108 convenience stores from Sunoco LP

World’s Largest Convenience Retailer Acquires 1,108 Convenience Stores IRVING, TEXAS, 2017-Apr-07 — /EPR Retail News/ — 7‑Eleven, Inc., the premier name and largest chain in the convenience-retailing industry, is pleased to announce it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7‑Eleven will acquire approximately 1,108 convenience stores located…
April 7, 20170Comments

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