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Business

Time: 2024-08-20

GetGo Market Insights: Giant Eagle Sells to Couche-Tard for Growth

GetGo Market Insights: Giant Eagle Sells to Couche-Tard for Growth
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Giant Eagle Announces Sale of GetGo to Couche - Tard

Giant Eagle has made a significant decision to sell all its GetGo locations to Couche - Tard , a Canadian - owned , multinational operator of convenience stores and gas stations . This move is aimed at allowing Giant Eagle to focus more resources on enhancing and growing their supermarket and pharmacy businesses . The sale is expected to close in the 2025 calendar year , pending Federal Trade Commission approval . Couche - Tard plans to retain all dedicated GetGo stores , operations , and support Team Members as part of the agreement.

Couche - Tard 's Strategic Acquisition of GetGo

The agreement between Giant Eagle and Couche - Tard will see the two companies partnering on the myPerks loyalty program , with plans to expand the program . GetGo stores will continue to operate as part of Giant Eagle until the transaction closes . The deal is expected to bring significant benefits to Giant Eagle 's Team Members , partners , customers , and communities . This move is seen as a positive step towards strengthening Giant Eagle for the future and enabling strategic investments in their core businesses.

GetGo Market Insights: Giant Eagle Sells to Couche-Tard for Growth

Giant Eagle 's CEO , Bill Artman , expressed excitement about the potential for both Giant Eagle and GetGo following the transaction . The sale of GetGo to Couche - Tard is aimed at creating tremendous opportunities for both team members and customers . Couche - Tard , known for its experience in convenience stores and fuel operations , is seen as the perfect partner for GetGo moving forward . The sale will enable Giant Eagle to prioritize investments and resources in their supermarket and pharmacy businesses and further solidify their position as a leading regional grocer and pharmacy.

What to Expect with the Sale of GetGo

GetGo , known for its leadership in made - to - order foods , will benefit from Couche - Tard 's scale and experience in convenience stores and fuel operations . The acquisition is expected to close in 2025 , subject to regulatory approval and closing conditions . Couche - Tard has expressed deep respect for GetGo 's business , management , and people , and intends to preserve all that makes GetGo great , including its customer service and food - first approach to convenience . The partnership between the two companies is anticipated to result in the growth and expansion of the myPerks loyalty program , offering more value and discounts to customers.

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