EG Group news and analysis – Page 4
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NewsEG Group expands KFC portfolio with 52 new sites in UK
The acquired network means EG Group now operates more than 1,700 foodservice concessions globally
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NewsEG Group to continue opening Spar stores despite ‘Asda on the Move’ rollout
The forecourt giant opened a new Spar store in Scotland earlier this month in Coxton Park, Elgin
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Analysis & FeaturesThe contenders to buy EG Group if the Issas sell to focus on Asda
Reports suggest the brothers are exploring a £10bn-plus sale. EG Group has long been seen as an IPO contender, but a sale jars with the synergies attained via the Issa brothers’ purchase of Asda this year
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NewsCity Snapshot: EG Group reportedly mulls $15bn sale options
EG Group is exploring options with bankers that could result in a $15bn (£10.8bn) sale, according to reports.
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NewsAsda confirms plans for hundreds of convenience stores on EG forecourts
Twenty-eight ‘Asda on the Move’ stores are to open on EG Group forecourts this year, with a target of 200 by the end of next year and more in 2023
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NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.
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NewsIssa brothers to sell 27 forecourts and clinch Asda takeover deal
The CMA had raised concerns over possible fuel price hikes in areas where both Asda and EG operate
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Comment & OpinionLeon acquisition is surely no replica of Tesco’s doomed Giraffe strategy
Experts are clear the restaurants are unlikely to be planted in too many Asdas, if any
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NewsIssa brothers ‘willing to sell forecourts’ to seal Asda takeover deal
This week the CMA gave the EG Group owners and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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Analysis & FeaturesHow does Leon fit into Zubin and Mohser Issa’s master plan?
The restaurant brand suits forecourts but not Asda, say analysts
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsAsda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
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NewsConcerns raised over Asda deal debt
The Issa brothers aim to fund the buyout of Asda using around £3.7bn of junk-rated debt
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Analysis & FeaturesWhat Stuart Rose brings to EG Group
Analysts have welcomed the appointment of the former Ocado chairman and CEO of M&S
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NewsEG Group grows German estate with €485m acquisition
EG today announced it had entered into a binding agreement to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsCity snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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NewsEG Group expands US network with acquisition of Schrader Oil
The business operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 staff
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NewsMedia Bites 10 November: Covid vaccine, Reckitt Benckiser, Ocado, EG Group
Global markets roared higher in a rally led by companies hit hardest by the pandemic after Pfizer and BioNTech revealed a breakthrough in the race to find a vaccine for Covid-19.
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NewsOnly 10 to 15 forecourts at risk in Asda-EG Group deal, claim experts
The number of forecourts at risk in a CMA review of the Asda buyout by EG Group’s owners barely reaches double figures