BP's just-closed $2.4 billion deal to sell its Southwest U.S. retail assets and its Carson, Calif., refinery to Tesoro Corp., was
part of BP's strategic refocusing efforts. BP's ARCO brand and associated registered trademarks, as well as its master franchisee license for the Ampm convenience store brand, now transition to
Tesoro. BP will exclusively license the ARCO retail brand rights from Tesoro for northern California, Oregon and Washington. The company will also retain ownership of the Ampm brand.
Read the whole story at Convenience Store News »