EG Group news and analysis
EG Group is an operator of convenience retail, foodservice, and fuel stations, with a significant footprint in the UK. EG pioneered the roadside convenience model, combining fuel, grocery, and food-to-go services. In 2023, Asda acquired EG Group’s UK business, though EG Group continues to operate globally across Europe, the US, and Australia. The Grocer covers EG Group with news, analysis, insight and opinion, including its strategic divestments, leadership changes, and impact on the UK convenience and forecourt sectors.
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Analysis & FeaturesIs Henry Dimbleby right about Asda destroying Leon’s brand ethos?
Dimbleby has warned that a shift to unhealthier options could “destroy” Leon. What’s changed for the brand, and is it really in jeopardy under Asda?
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NewsLeon co-founder warns Asda ownership could ‘destroy the brand’
Henry Dimbleby co-founded Leon in 2004 before selling the food-to-go chain in 2021 to EG Group. It was then acquired by Asda in 2023
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NewsEG Group sells Australian forecourt business to Ampol in £528m deal
EG Group has followed up the sale of its business in Italy with a divestment in Australia
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NewsEG Group exits Italy with €425m forecourt sale
The deal will mark the Blackburn-headquartered group’s full exit from the Italian market as it continues to execute its strategy to focus on core markets and strengthen the balance sheet
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NewsMedia Bites 11 June: M&S, imported meat, EG Group, Poundland
The resumption of online orders at M&S receives plenty of coverage in the media. For example the FT notes it will take ‘weeks’ to restore some online services as fashion ranges return
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NewsEG Group profits sink due to ‘adverse weather’
Fuel volumes fell 2.9% due to problems in the US and Germany, plus reduced demand in Australia
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NewsMohsin Issa steps down as CEO of EG Group
Issa will retain a ‘substantial minority shareholding’ and remain as non-executive director of the business
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InterviewsZuber Issa: it’s back to basics for EG’s Man on the Move
Having ‘changed the forecourt sector for the better’ with EG, and learning from the ‘beast’ that is Asda, Zuber Issa is turning his focus to EG On The Move
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NewsEG Group’s profits lift ahead of expected IPO
An initial public offering could value the business at about $13bn
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NewsAF Blakemore sales drop 4.6% after losing major supply deal with EG Group to Asda
AF Blakemore said positive actions on high-margin categories and cost control meant adjusted EBITDA increased by 52% from £19.3m to £29.4m
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NewsMedia Bites 13 January: fruit & veg prices, YoungOnes, Asda cuts
Inflation on fresh produce was imminent in Sainsbury’s under Reeves’ new Budget, the nationals warned
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NewsEG Group refinances $3.5bn of loans to unlock investment cash
Forecourt giant EG Group has refinanced $3.5bn of debt as it continues to deleverage and unlock additional cash to invest in the business
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NewsAsda goes ‘back to the future – with modernity’ as Allan Leighton returns
Retail veteran Allan Leighton was previously Asda’s CEO in the late 90s
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsGlenshire Group hires Daniel Arrandale as property director
The business currently operates 27 convenience stores and 20 Pizza Hut franchises in Scotland
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NewsLeon ‘actively exploring’ expansion despite plunging further into red
Leon sales are still well below pre-pandemic levels, despite increasing by 24% in 2023
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Comment & OpinionMohsin Issa’s departure hammers home need for Asda CEO
Sales figures from NIQ this week show just how badly Asda needs a steady hand
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Comment & OpinionEVs are set to become the new loss leader for supermarkets
Just as fuel was a loss leader, EV charging is being offered free to customers, says Mark Frostick, associate in automotive & roadside at Rapleys
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NewsTDR Capital becomes majority Asda owner by buying out Zuber Issa
TDR Capital has agreed to increase its stake in Asda to become majority owner after buying out the shares owned by Zuber Issa
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NewsEG Group sees full-year profits dip as fuel prices fall
Forecourt giant EG Group saw full-year profits dip last year on lower fuel prices and ‘oil volatility’