Archive of all EG Group articles
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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’
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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.