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7 Eleven Convenience Stores

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BUSINESS
May 20, 1990 | STUART SILVERSTEIN
Southland Corp. says one of the best reasons to consider becoming a 7-Eleven franchisee is that it is a relatively inexpensive way of getting into business for yourself. Indeed, a 7-Eleven store is much less expensive than most other major franchises. But it still costs plenty. If you buy one of the small number of company-owned stores in the Los Angeles area, the franchise fee and up-front inventory costs probably will amount to $75,000.
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BUSINESS
May 20, 1990 | STUART SILVERSTEIN
Southland Corp. says one of the best reasons to consider becoming a 7-Eleven franchisee is that it is a relatively inexpensive way of getting into business for yourself. Indeed, a 7-Eleven store is much less expensive than most other major franchises. But it still costs plenty. If you buy one of the small number of company-owned stores in the Los Angeles area, the franchise fee and up-front inventory costs probably will amount to $75,000.
BUSINESS
July 8, 1987
Samuel Belzberg, a financier based in British Columbia, approached Southland's founding family early this year about acquiring the operator of the 7-Eleven convenience stores, the Thompson family said in a government filing. Belzberg met with Southland senior executives several times, according to the documents. Belzberg said he was interested in buying the company at $65 a share and that he already held 4.9% of its outstanding common stock.
NEWS
July 7, 1987
A reward fund has been established for information leading to the killer of a 9-year-old Santa Ana schoolgirl, authorities said. The Southland Corp., owner of 7-Eleven convenience stores, has donated $1,000, Santa Ana Police Lt. Robert Chavez said. The fund to help find the killer of Patricia Lopez is being handled by the Adam Walsh Child Resource Center in Orange.
SPORTS
April 3, 1998 | STEVE HENSON
JetHawks home games will start at 7:11 p.m. for the obvious reason: One of the team's sponsors is 7-Eleven convenience stores. . . . Cal State Northridge followers will recognize tonight's Rancho Cucamonga starter, Brian Carmody. The Matadors faced Carmody in a 1996 play-in game when he was the ace of Santa Clara's staff. Northridge won the series and advanced to the NCAA regionals. * Today's game: Lancaster (Jason Bond) vs. Rancho Cucamonga (Brian Carmody), 7:11 p.m.
BUSINESS
January 17, 1996 | Times Staff and Wire Reports
Minority-Owned Firm Acquires 7-Eleven Licensee: Southland Corp. said the second-largest U.S. operator of licensed 7-Eleven convenience stores was purchased by a new minority-owned company formed by LM Capital Corp. of West Palm Beach, Fla. The company, Convenience Corp. of America, is getting the 7-Eleven licensing rights owned by Contemporary Industries Corp., a privately held company based in Omaha, for an undisclosed amount.
BUSINESS
June 14, 1990 | From Times wire services
Debt-ridden Southland Corp., owner of about 6,900 7-Eleven convenience stores, today announced a sweetened restructuring proposal for its bondholders and said it will miss an interest payment due Friday on its public debt. The revised restructuring, a key condition of the troubled company's agreement to sell a controlling interest to its Japan-based partners, would also reduce the stake held by Southland's founding Thompson family.
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