EG Group news and analysis – Page 2
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Analysis & FeaturesWhat does the forecourt sell-off mean for Morrisons?
Morrisons has sold 337 forecourts in a £2.5bn deal designed to alleviate its debt. So how will the move help new boss Rami Baitiéh’s plans?
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NewsCity Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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NewsAsda launches 100th Asda Express store
The store launched in Hexham last week, stocking up to 3,000 branded and own-label products across top-up essentials, food to go, and cooking ingredients
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NewsAsda to convert acquired EG Group forecourts to Asda Express by next summer
As part of the conversion programme, Asda will also be converting 177 Spar stores that were sitting on EG Group forecourts
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NewsEG Group launches EG On The Move for retained forecourt stores
The move comes as Asda announced it had completed the acquisition of EG Group’s UK operations for an enterprise value of £2.07bn today
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NewsAsda completes £2bn acquisition of EG Group’s UK business
It will see Asda Express rolled out across EG Group’s 356 petrol stations, while 462 Greggs, Burger King and Subway outlets are transferred to the supermarket giant
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Comment & OpinionAsda is fighting fit, but has it unleashed a sustainable growth strategy?
In the latter days of its time under Walmart, Asda all too often resembled a punch drunk heavyweight boxer
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NewsEG Group sells 63 US convenience stores to pay down debt
EG Group has agreed to sell 63 convenience stores to US convenience operator Casey’s to reduce its debt pile
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Analysis & FeaturesAsda’s EG Group acquisition: everything you need to know
Asda has acquired EG Group’s UK & Ireland operations, and sees a ‘huge runway’ for growth to become the UK’s second-largest grocer again
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NewsMedia Bites 31 May: Asda/EG Group, price caps, Unilever
The billionaire Issa brothers have agreed to sell EG Group’s UK and Ireland petrol and forecourt operations to Asda in deal that will add £770m in new loans to the business empire’s heavy debts
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NewsMedia Bites 30 May: Asda/EG, food price cap, inflation, Waitrose
Coverage of the merger of Asda and EG Group continued over the bank holiday weekend, alongside news of a proposal for a voluntary price cap for staple food items in supermarkets.
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Comment & OpinionAsda merger with EG Group would be a disaster
The future of Asda matters for consumers, its 145,000 employees, the government and regulators alike
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Analysis & FeaturesAsda the obvious suspect in road fuel competition enquiry – but not so fast
It’s still consistently cheaper than supermarket rivals on unleaded and diesel
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NewsAsda opens 150th On the Move convenience store
The latest opening puts Asda a step closer to having 200 of the roadside convenience stores by the end of 2023
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NewsMedia Bites 29 March: EG Group/Subway, Planet Organic/Waitrose, Diageo
The owners of Asda are said to be planning an £8bn takeover of Subway
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NewsCMA raises concerns over 13 sites in Asda’s deal to buy Co-op forecourts
Asda had argued competition concerns would not arise as the deal would allow it to bring its low-cost pricing model to more customers
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NewsCity snapshot: EG Group reports ‘resilient’ 2022 as it sells off chunk of US sites for $1.5bn
Forecourt giant EG Group has delivered “a highly resilient” performance in 2022 despite the challenging macro-economic environment. The group also announced a $1.5bn sale and leaseback on a portfolio of sites on the east coast of the US to help reduce its mountain of debt
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NewsPark Garage Group boosts food to go offer by buying 27 EG Group sites
According to its latest accounts, the acquisitions opened up ‘several new business stream opportunities’ with Greggs, Subway and Starbucks
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Analysis & FeaturesA year in convenience: McColl’s deal dominates as Asda moves for Co-op forecourts
New rapid delivery players have dominated the headlines, but the major multiples continue to encroach
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NewsAsda to fall short of ‘On The Move’ store target by over 100 sites
It comes as Asda announced plans to launch its own standalone convenience format under a new Asda Express brand last month