Menu
02/12/2015
Canadian Firm To Acquire Topaz
Ireland's largest fuel retailer Topaz Energy Group is to be sold to Canadian company Alimentation Couche-Tard.
The two companies signed an acquisition agreement today, 02 December.
Subject to regulatory approvals and closing conditions, the transaction will be completed in Spring 2016.
Welcoming the move, Topaz Chairman, John Callaghan, said: "We are delighted to have agreed this transaction with Couche-Tard who are recognised as world leaders in the fuel and convenience store industry. We know they will build on the foundations we have put in place and bring a new dimension to the industry in Ireland to the benefit of the economy, our customers and our staff."
Emmet O'Neill, Chief Executive of Topaz, described the move as a 'game changer' for Ireland's retail sector.
"Couche-Tard is one of the strongest names in retail in the world and their presence in Ireland will transform the retail sector here," he said.
"I am thrilled that they have chosen Topaz as the foundation for their entry to the Irish market. They will bring enormous skill, energy and resources to this business and this market."
(LM/CD)
The two companies signed an acquisition agreement today, 02 December.
Subject to regulatory approvals and closing conditions, the transaction will be completed in Spring 2016.
Welcoming the move, Topaz Chairman, John Callaghan, said: "We are delighted to have agreed this transaction with Couche-Tard who are recognised as world leaders in the fuel and convenience store industry. We know they will build on the foundations we have put in place and bring a new dimension to the industry in Ireland to the benefit of the economy, our customers and our staff."
Emmet O'Neill, Chief Executive of Topaz, described the move as a 'game changer' for Ireland's retail sector.
"Couche-Tard is one of the strongest names in retail in the world and their presence in Ireland will transform the retail sector here," he said.
"I am thrilled that they have chosen Topaz as the foundation for their entry to the Irish market. They will bring enormous skill, energy and resources to this business and this market."
(LM/CD)
Related Irish News Stories
Click here for the latest headlines.
25 May 2010
Rally Worth €30M To North West
The Topaz Donegal International Rally is expected to bring €30 million to the North West economy, according to its sponsors. The international event is expected to attract 70,000 spectators this year, 20,000 more than usual owing to the new town stage around Buncrana on the opening day.
Rally Worth €30M To North West
The Topaz Donegal International Rally is expected to bring €30 million to the North West economy, according to its sponsors. The international event is expected to attract 70,000 spectators this year, 20,000 more than usual owing to the new town stage around Buncrana on the opening day.
27 November 2008
Job Losses As Border Retailer Closes
There were mixed messages this week with jobs lost as one border retailer closed down, while new positions were being created as another opened in the same region. Some 27 jobs have gone with the closure of Supervalu at the Retail Park in Letterkenny.
Job Losses As Border Retailer Closes
There were mixed messages this week with jobs lost as one border retailer closed down, while new positions were being created as another opened in the same region. Some 27 jobs have gone with the closure of Supervalu at the Retail Park in Letterkenny.
26 September 2019
29 Retailers To Benefit From Online Retail Scheme
Recipients of the second call of the pilot Online Retail Scheme have been announced by the Minister for Business, Enterprise and Innovation, Heather Humphreys. Administered by Enterprise Ireland, a total of 29 retailers have been awarded €659,550 in funding as part of the €1.
29 Retailers To Benefit From Online Retail Scheme
Recipients of the second call of the pilot Online Retail Scheme have been announced by the Minister for Business, Enterprise and Innovation, Heather Humphreys. Administered by Enterprise Ireland, a total of 29 retailers have been awarded €659,550 in funding as part of the €1.
13 April 2018
Topaz Rebrands To Circle K And Announces 240 New Jobs
Service station Topaz has announced a €55 million investment which involves a rebranding to Circle K and the creation of 240 jobs. A total of €35m will be used to develop four new Circle K sites in the next two years, with two sites in Co Kildare and the others in Gorey, Co Wicklow, and Athlone, Co Westmeath.
Topaz Rebrands To Circle K And Announces 240 New Jobs
Service station Topaz has announced a €55 million investment which involves a rebranding to Circle K and the creation of 240 jobs. A total of €35m will be used to develop four new Circle K sites in the next two years, with two sites in Co Kildare and the others in Gorey, Co Wicklow, and Athlone, Co Westmeath.
01 December 2014
Rise In Ireland's Retail Sales
It is estimated that Irish households will spend an extra €650 to €750 in shops this month, compared to other months of the year, according to Retail Ireland. Key indicators are pointing to the best Christmas for the retail sector since 2009, according to the firm's Retail Christmas Monitor 2014.
Rise In Ireland's Retail Sales
It is estimated that Irish households will spend an extra €650 to €750 in shops this month, compared to other months of the year, according to Retail Ireland. Key indicators are pointing to the best Christmas for the retail sector since 2009, according to the firm's Retail Christmas Monitor 2014.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
