Stripes Set to Move Operations to Dallas

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Stripes Set to Move Operations to Dallas

11/13/2015

DALLAS  — Stripes LLC convenience stores will open an office here, close to where its parent company, Sunoco LP, is based, the company told employees in a statement recently.

According to the Corpus Christi Caller Times, Sunoco LP CEO Bob Owens and his senior team will perform various corporate functions at the new Dallas office. However, Stripes, which was formerly the retail division of Susser Holdings Corp., plans to maintain a "significant presence" in its current hometown of Corpus Christi, Texas.

"This move allows our core corporate functions to operate from a region central to our expanding geographic footprint, and also close to our parent company's headquarters," Stripes said in a statement.

It is uncertain when and which Stripes employees will move from Corpus Christi to Dallas.

"We are going to manage the company in the best way possible to support our continued growth, and that includes having offices near our parent company in addition to those in our traditional markets," the company said.

Energy Transfer Partners LP purchased Susser Holdings Corp. in April 2014 for $1.8 billion. The master limited partnership has since dropped down these retail assets to Sunoco LP.