What's Happening?
Sunoco LP, a master limited partnership, operates retail fuel sites and convenience stores under the APlus banner. Following the acquisition of Susser Petroleum Partners and its Stripes stores, Sunoco LP has shifted its focus towards wholesale fuel distribution. This strategic change was marked by the sale of 1,030 Sunoco and Stripes convenience stores to 7-Eleven Inc. in January 2018, which included the transfer of trademarks and intellectual property of the Laredo Taco Company.
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Why It's Important?
The shift in Sunoco LP's business strategy towards wholesale fuel distribution reflects a significant change in the company's operational focus. This move allows Sunoco to concentrate resources on expanding its distribution network, potentially increasing its market share in the fuel distribution sector. The acquisition by 7-Eleven also highlights the consolidation trend within the convenience store industry, impacting competition and market dynamics.
