Mohsin Issa news, comment and analysis – Page 7
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Comment & OpinionWho will buy the McColl’s stores if it goes under?
You would think the Issa brothers have enough to digest on their plate for the time being
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NewsMedia Bites 3 March: EG Group, Prompt Payment Code, Just Eat, Hotel Chocolat
EG Group has told its investors for a third year running that it needs more time to produce audited accounts, citing the increased size and complexity of the business.
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NewsAsda charters cargo ship to shore up Christmas supply
Asda has chartered its own cargo ship to protect the availability of key festive products including decorations, toys, clothing and gifts
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Category ReportPasties at dawn: savoury pastries & meat snacks category report 2021
The home lunch is proving an attractive battleground for savoury pastry brands, who are using new products to outgun their rivals
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NewsMedia Bites 4 November: Labour shortages, Pets at Home, EG Group, John Lewis
The UK poultry industry expects to take up only about half of the 5,500 emergency visas announced by the government ahead of Christmas, after turkey farms cut production and recruited some workers locally.
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsEG sells 27 petrol filling station sites to Park Garage Group
Deal is part of the understakings to ensure CMA approval of the Issa’s Asda takeover
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NewsEG Group buys bakery chain Cooplands
UK forecourt giant EG Group has expanded its foodservice portfolio with the acquisition of bakery business Cooplands.
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NewsCity snapshot: Diageo points to margin recovery as hospitality sector reopens
Diageo has said it has made a ‘strong start’ to its financial year, forecasting an improvement in operating margins despite supply chain constraints. Plus, Parsley Box warns on sales and profits and all the rest of the latest news from the City.
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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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NewsMedia Bites 9 August: Morrisons, Asda, Philip Morris/Vectura
Terry Leahy is scrambling to convince partners at American private equity firm Clayton Dubilier & Rice to back a 280p-a-share bid for Morrisons
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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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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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NewsCity snapshot: Record year for Reckitt Benckiser as Covid fuels demand for Dettol
A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay. Plus, EG Group strengthen board with new non-exec appointment, and Glanbia profits slump as Covid take toll on performance nutrition division.
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NewsMedia Bites 4 Feb: Asda/EG Group, Amazon, carbon tax
The finance structure of the £6.8bn takeover of Asda by the Issa brothers and TDR is under the media spotlight this morning.
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NewsMedia Bites 25 Jan: John Lewis Partnership, Business rates, Sainsbury’s
The John Lewis Partnership is under increasing pressure to hand back millions of pounds of business rates relief after revealing that it performed better than expected at the end of last year
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NewsMedia Bites 22 Jan: EG Group, Border disruption, Pets at Home
EG Group, the UK petrol stations company whose billionaire owners are buying Asda, is bringing in retail veteran Stuart Rose to improve governance after its auditors resigned over the matter last year (The Financial Times £). A former boss of Marks & Spencer has been appointed as ...
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NewsCity Snapshot: EG Group names former M&S CEO Lord Rose as chairman
Future Asda owner EG Group has appointed former M&S CEO and current Ocado chairman Lord Stuart Rose as non-executive chairman with immediate effect
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NewsMedia Bites 17 December: Asda, Brexit, sherry
The Issa brothers have drafted in advisers to prepare a £1.2bn sale and leaseback of Asda’s distribution centres ahead of their £6.8bn takeover of the supermarket chain.
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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.