1. News
July 6, 2017

Irish forecourt retailer Applegreen acquires Brandi Group assets in US

Irish petrol forecourt retailer Applegreen has reached an agreement to acquire the trade assets of the Brandi Group in a deal that includes a forecourt retail operation in Columbia, South Carolina, US.

Irish petrol forecourt retailer Applegreen has reached an agreement to acquire the trade assets of the Brandi Group in a deal that includes a forecourt retail operation in Columbia, South Carolina, US.

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According to the agreement, the company will purchase the trade and certain assets of Bob Brandi and Bob Brandi Stores for $5.4m.

The proposed acquisition includes 42 sites located in or close to the city of Columbia, 34 of which are petrol stations that incorporate 11 Burger King restaurants and several other food outlets, including Subway and Blimpie.

“We believe that this acquisition represents an opportunity to establish a significant presence in this market."

Applegreen chief executive Bob Etchingham said: "We consider the Brandi Group to be an excellent fit for our business given the attraction and convenience of its locations centred in the city of Columbia together with the significant component of food-to-go offers that exists within the estate.

“We believe that this acquisition represents an opportunity to establish a significant presence in this market while also providing the potential for us to leverage our retail experience in this sector to enhance the current offering.”

In a separate transaction, an American institutional real estate investor has agreed to acquire certain property assets of the Brandi Group’s business for $70.1m.

Once the transaction is closed, Applegreen will strike a deal with the US-based real estate investor to lease the property assets.

Subject to a number of conditions, the transaction is slated for completion in the fourth quarter of this year.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.