7-Eleven Faces $78 Million FTC Suit for Florida Store Buy (1)

The Federal Trade Commission is seeking a penalty against 7-Eleven Inc.’s parent company of $77.5 million for allegedly violating an agreement not to acquire more stores in some states without the agency’s permission.

The agency sued the convenience store giant Monday claiming that Seven & I Holdings Co. failed to comply with a 2018 agency order that required it to provide notice to the FTC for 10 years before buying any retail fuel outlets within Florida, Texas or Virginia.

The 2018 order allowed Seven & I Holdings to acquire 1,100 retail fuel outlets from Sunoco, while barring the company ...