The Store convenience stores and gas stations are set to close following the declaration of bankruptcy by Mountain Express Oil Co., the company that owns its buildings and land.
This includes the convenience stores at 404 E. Green Bay St., Shawano, and 100 S. Rosera St., Lena.
The Store will end operations as of July 31, according to a press release from parent company Team Schierl Cos.
The Store entered into an agreement with Mountain Express to purchase its land and buildings in 2022. Mountain Express took ownership of land and buildings while The Store maintained all operations, including equipment, inventory maintenance, employment of all associates and collaborations with local vendors.
Mountain Express initially filed for voluntary protection under Chapter 11 bankruptcy in March 2023 with the intention of achieving a comprehensive restructuring to strengthen the company’s fuel distribution business, dealer network and retail business.
The company later converted to Chapter 7 bankruptcy and officially ended operations in August 2023.
“As of May 7, 2024, The Store has been notified that the property investment company will not be extending its current operational agreement,” according to a news release from The Store.
The Store has 25 locations in Wisconsin and Michigan.
kpasson@newmedia-wi.com
