Mohsin Issa news, comment and analysis – Page 8
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NewsNo need for no deal panic-buying, retail chiefs warn shoppers
BRC chief executive Helen Dickinson said retailers were preparing for all outcomes and stockpiling extra products to ensure a continued supply of essentials
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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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NewsMedia Bites 13 Nov: EG Group, B&M, WH Smith
The new owners of Asda have raised hundreds of millions of pounds by selling a stake in EG Group
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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 26 Oct: Brexit/supermarkets, CCEP, Asda/EG Group
An eleventh-hour Brexit trade deal could still throw Britain’s biggest grocers into chaos by leaving them with just a few weeks to understand the rules
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NewsGrocery heroes honoured by the Queen in this year’s birthday list
Meet the grocery heroes honoured by the Queen for their roles during the pandemic
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NewsMedia Bites 12 Oct: Asda, Unilever, Pork and poultry
Zuber and Mohsin Issa The new owners of Asda have set up an offshore bid vehicle that means the supermarket will be legally owned in Jersey. (The Times £) Two billionaire brothers from Blackburn have been made CBEs a week after clinching a £6.8bn deal to buy ...
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NewsMedia Bites 29 September: Asda, Aldi, Tesco, Reckitt Benckiser
The billionaire brothers behind EG Group have moved into pole position in the race to takeover Asda.
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Comment & OpinionSaddling Asda with piles of debt won’t help it through a recession
It’s clear that Tesco’s change of strategy over the summer, and the impact of Tesco’s Aldi Price Match, is rattling Asda almost as much as Aldi
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NewsMedia Bites 2 March: Asda, John Lewis/Waitrose, British Honey Co
Private equity bidders and the brothers behind EG Group are vying to take a majority stake in Asda.
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsMedia Bites 22 July: Jamie Oliver, Tesco, Discounters
The collapse of Jamie Oliver’s Italian restaurant chain has left creditors facing losses of £83m.
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NewsEG Group to buy Australian chain Woolworths Petrol in A$1.7bn deal
EG Group, previously Euro Garages, will take control over Woolworth Group’s 540 site network
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NewsEuro Garages buys US forecourt chain Minit Mart for $305m
The deal will add 225 Minit Mart branded stores to EG Group’s rapidly-growing international portfolio, adding to the 762 sites it bought from Kroger
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NewsEuro Garages enters US as Kroger forecourts deal goes through
The forecourt operator struck a £2.2bn deal with retail giant Kroger to acquire its store network in February
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NewsEuro Garages adds 97 Dutch Esso sites as part of expansion
The forecourt operator has agreed to acquire all the shares of independent fuel and convenience group NRG Value Retail
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NewsEuro Garages completes takeover of 1,100 Italian Esso sites
Last week Euro Garages agreed a £2.2bn deal for Kroger’s 800-strong US convenience store network
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NewsSainsbury's and Euro Garages terminate forecourt franchise deal
Companies have mutually agreed to end nine-store trial after two years.
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NewsEuro Garages reveals US ambition with $2.2bn acquisition of Kroger convenience store network
Petrol forecourt operator Euro Garages has snapped up the 800 strong convenience store network of retail giant Kroger for $2.2bn to gain access to the world’s largest fuel convenience market for the first time.