Growing our mobility and convenience presence in the US by adding Thorntons.
Evolving to meet changing needs
Convenience retail is evolving to meet the changing needs of consumers – and so are we. Our customer-oriented fuels and convenience business has taken full ownership of Thorntons – a Kentucky based fuel and convenience store chain.
We have a proud history of high-quality retail brands across the country. Incorporating Thorntons into our business combines their customer-first culture with our existing third-party operated US retail network and will help us deliver our convenience strategy of offering customers what they want, where and when they want it.
Thorntons has earned customer loyalty for over 50 years by offering best-in-class service and store operations. We are excited to welcome them into our family.
Our strategy in action
In August 2021, we concluded a deal to acquire the remaining majority ownership of Thorntons that we didn’t already own. This positions bp with a strong convenience offer in the Midwest and Florida, with 207 owned and operated locations across six states, including Kentucky, Illinois, Indiana, Ohio, Tennessee and Florida. Our intention is to retain and grow the wildly popular Thorntons brand.
The move bolsters execution of our strategy for the mobility and convenience business, which aims to increase the number of strategic convenience sites in our global network from around 2,000 to more than 3,000 and double global earnings by 2030.