Maxol announces €100m investment programme

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Forecourt and convenience retailer Maxol has announced a €100m investment programme as part of the company's new 2023-2027 strategic plan.

Under this new plan, the Irish-owned company plans to acquire a number of new sites next year, which it said could result in the business growing to 250 service stations across Ireland.

"At the moment our sector has a cap on retail floorspace of 100m² irrespective of location," he explained. Maxol said it aims to extend the number of Burger King drive-thru's in its network from three to nine and will continue to develop its food credentials with more fresh food to go and take-home meal solutions, while offering more high quality, locally sourced and produced goods.

"But it is Maxol’s long-term investment strategy that has been instrumental in driving the company’s performance in 2021 and indeed, the 2022 period to date," he added."Like every other business, we are operating in a highly volatile and unpredictable market and the cost of doing business is rising exponentially," he said.

 

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