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Article: CIRCLE K ANNOUNCES COMPLETION OF ITS FIRST FRANCHISING AGREEMENT.
- Article from:
- Business Wire
- Article date:
- April 24, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX--(BUSINESS WIRE)--April 24, 1995--The Circle K Corporation (NYSE:CRK) announced today that a subsidiary, Circle K Franchise Corporation, has entered into its first franchising agreement with Gibbs Oil Co. Limited Partnership, Chelsea, Massachusetts. Under the agreement, Circle K has sold 52 of its stores in Maine, New Hampshire, Massachusetts and Connecticut to Gibbs Oil Co., which will operate these units in addition to the current 31 Gibbs Oil locations under the Circle K system.
The 52 Circle K-owned stores had been operating under the names of Charter, A-1 and Circle K. As part of the agreement, Gibbs will receive assistance in operations, marketing, ...