Giant Eagle to Sell GetGo Convenience Stores
Agreement Reached with Canadian Company
Giant Eagle, based in western Pennsylvania, has announced it is selling its GetGo convenience store chain to Alimentation Couche-Tard, a Canadian company.
The deal is expected to close in 2025, and all GetGo locations will be sold to Couche-Tard.
Reasons for the Sale
In a statement, Giant Eagle said the sale is part of its strategy to focus on its core grocery business.
The company said it believes the sale will allow it to "better serve our customers and invest in our future."
Details of the Sale
The sale includes all of Giant Eagle's 198 GetGo locations, which are located in Pennsylvania, Ohio, West Virginia, and Maryland.
The purchase price was not disclosed, but Couche-Tard is a publicly traded company with a market capitalization of over $50 billion.
Impact on Employees
Giant Eagle said that all GetGo employees will be offered jobs with Couche-Tard.
The company said it is "committed to ensuring a smooth transition for our employees and customers."
FAQ
- Why is Giant Eagle selling GetGo? Giant Eagle is selling GetGo to focus on its core grocery business.
- Who is buying GetGo? Alimentation Couche-Tard, a Canadian company, is buying GetGo.
- When will the sale close? The sale is expected to close in 2025.
- What will happen to GetGo employees? All GetGo employees will be offered jobs with Couche-Tard.
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