BP is facing five lawsuits brought by its franchisees. The most recent is a lawsuit by 40 Thrifty Oil Co. franchise owners in Southern California, who claim BP failed to give proper notice of its intention not to renew its master lease with Thrifty Oil. A second lawsuit filed in Chicago against BP by two…
Southern California Gas Station Franchisees Sue BP
Some 40 station owners claim BP failed to comply with the federal and state rules for terminating a franchise, seek $1 billion in damages and a restraining order to protect them from being forced from their property. A group of Southern California Arco and Thrifty gas station franchisees are suing BP and Thrifty Oil Co.,…
BP Corrects Reports On ARCO
BP intends to sell its Carson refinery, associated businesses and the ARCO-branded retail network in 2012 as an on-going business. BP has corrected a number of inaccurate reports that the ARCO brand would be withdrawn from Southern California. BP noted that it remains committed to the ARCO and ampm convenience store brands. BP announced plans…
Tesoro Acquires 290 Locations
As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease…