Archive of all EG Group articles – Page 2
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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
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NewsAsda Derby opening marks 50th ‘On The Move’ convenience store
The latest opening marks a quarter of the way to the supermarket giant reaching its 200-store target by the end of the year
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NewsCity snapshot: EG Group revenues mount but profits hit by inflationary pressures
Forecourt giant EG Group has announced “resilient” second quarter trading, with sales rebounding by 34%, though inflationary pressures reduced headline profits. Plus, Reckitt CEO Laxman Narasimhan to take over at Starbucks and all the rest of the latest news from the City.
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NewsAsda opens first convenience store in Scotland
The new Asda on the Move store in Livingston is its 36th convenience store being run in partnership with EG Group
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Analysis & FeaturesShare price slump: who has struggled the most in food and drink?
It’s been a turbulent six months on the Stock Exchange. So who’s struggled the most? Who’s least affected? And is there any stock actually still growing?
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NewsAsda moving closer to standalone convenience offer
Asda has posted a series of recent job ads relating to the convenience project
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NewsEG Group stops one million meals from going to waste in UK with Too Good To Go
The forecourt giant said the milestone highlighted its ongoing commitment to reducing food waste
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NewsEG Group profits climb as sales soar 25%
Profits have leapt higher at forecourt giant EG Group as a growing foodservice business and soaring prices at the pumps help fuel a 25% jump in first-quarter revenues.