Archive of all EG Group articles – Page 3
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NewsEG Group partners with Pizza Hut for convenience offer at eight forecourts
The first ‘hut’ to open will be at an EG Group-operated forecourt in Hartlepool over the coming weeks
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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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NewsSale of Asda forecourts to EG Group terminated
Asda said the sharing of commercial information had resulted in several changes to the financial evaluation of the deal
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NewsAsda opens first ‘premium’ convenience store on EG forecourt
The store in Beaconsfield, Buckinghamshire, stocks over 2,500 products including Asda’s ‘Extra Special’ fresh and chilled ranges plus ready meals and beers, wines and spirits
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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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NewsEG Group gives pay rise to 10,500 employees
Colleagues aged 18 and above will now be paid a minimum of £9.50 per hour. More experienced colleagues, such as team leaders and supervisors, will be paid a minimum of £10 per hour
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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