Seven & i's US arm, 7-Eleven, Inc., agreed to buy 204 Stripes convenience stores and Laredo Taco Company restaurants from fuel distributor Sunoco for about $1 billion, subject to inventory adjustments. The sites are in West Texas, New Mexico and Oklahoma. Sunoco also amended its fuel supply agreement with 7-Eleven as part of the deal. The deal Sunoco announced the sale on January 11, 2024. The price of about $1.0 billion included the usual adjustments for fuel and merchandise inventory. Sunoco said the cash would let it cut its debt sharply. On the same day it announced a deal to buy fuel terminals in Amsterdam and in Bantry Bay, Ireland. The 2018 deal In January 2018, 7-Eleven completed a $3.3 billion purchase of about 1,030 Sunoco stores in 17 states, including Stripes stores in Texas, after US antitrust officials required changes. That deal brought the Stripes and Laredo Taco brands into 7-Eleven, and the 2024 deal bought the remaining locations. Closing The deal closed in mid-April 2024. 7-Eleven chief executive Joe DePinto said the 2018 deal had given the company a valuable brand to grow its restaurant offering. 7-Eleven, based in Irving, Texas, runs, franchises or licenses more than 13,000 7-Eleven, Speedway and Stripes stores in the US and Canada.
