bp assumes full ownership of Thorntons
The move signifies the re-entry into fully owned and operated stores in the U.S.
bp has taken full ownership of Thorntons, marking its re-entry into fully owned and operated stores in the U.S.
In July, bp announced plans to acquire the majority share of Thorntons it did not already own from ArcLight Capital Partners, LLC. With the transaction complete, bp’s growing U.S. mobility and convenience business has added more than 200 retail stores in Kentucky, Illinois, Indiana, Ohio, Tennessee and Florida and the Thorntons brand to its portfolio.
Headquartered in Louisville, KY, Thorntons provides a competitive consumer offer and strong business operations. bp plans to retain and build on the Thorntons brand.
In April, Thorntons opened a first-of-a-kind store that operate as a sustainable not for-profit venture with all profits from sales being reinvested by the Louisville Urban League to promote community equity and empowerment.
