EG Group
This coverage explores EG Group’s role and strategy within the UK retail sector, focusing on convenience retail, fuel stations, food-to-go operations, acquisitions, and financial developments. Reporting examines leadership decisions, market positioning, and integration of retail formats, offering insights for executives, managers, and professionals navigating multi-format and fast-moving retail environments.
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Nov- 2025 -3 NovemberSupermarkets
Asda sells Leon back to founder
Asda has confirmed the sale of Leon Restaurants to its co-founder John Vincent for an undisclosed price. The deal includes 46 Leon restaurants and 20 UK franchise sites, as well as three in the Netherlands and one in Italy. Around 1,120 Leon staff will transfer to the new ownership. Asda…
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Aug- 2025 -29 AugustSupermarkets
Asda records best quarterly performance since Q1 2024
Asda has revealed its life-for-like sales improved for the fourth consecutive quarter in Q2, up 2.9%, and hailed its most recent trading period as its best quarterly performance since Q1 2024. The performance comes as total revenue excluding fuel hit £5.3bn, marking a slight 0.2% decline on the prior year.…
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14 AugustSupermarkets
EG Group to sell Australian arm to Ampol
EG Group, an international operator of convenience retail, foodservice and fuel stations, has agreed to sell its Australian business to Ampol. The deal values the EG Australia business at an enterprise value of A$1.1bn (£529m), comprising A$850m (£409m) of cash proceeds and A$250m (£120m) of Ampol stock. EG Group said…
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12 AugustSupermarkets
EG Group to sell Italian business for €425m
EG Group has agreed to sell its Italian business to a consortium of local operators in a deal worth €425m (£366.9m). The consortium includes PAD Multienergy, Vega Carburanti, Toil, Dilella Invest and GIAP. The sale will mark the Blackburn-based convenience retail, foodservice and fuel station operator’s exit from Italy. According…
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May- 2025 -30 MaySupermarkets
Asda Q1 revenues fall 5.9% to £5bn
Asda has seen its total revenues fall 5.9% year-on-year to £5bn, excluding fuel, for the first quarter to 31 March, but revealed that it is seeing “green shoots” in its sales performance. While like-for-like sales during the period declined by 3.1%, this represents a 1.1% improvement on the fourth quarter…
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Apr- 2025 -28 AprilNews-In-Brief
Today’s news in brief-28/4/25
Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…
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28 AprilPeople Moves
Asda co-owner Mohsin Issa steps down as EG Group CEO
EG Group has announced that co-founder Mohsin Issa will step down as chief executive, with current group chief financial officer, Russell Colaco, taking over the role. Issa will, however, retain a “substantial” minority shareholding and remain on EG’s board as a non-executive director of the business. Colaco, who joined the…
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22 AprilNews-In-Brief
Today’s news in brief-22/4/25
Marks & Spencer has apologised to customers after a technical glitch disrupted contactless payments and click-and-collect services over the Bank Holiday weekend. Shoppers reported frustration at being unable to complete purchases, with some forced to abandon full trolleys. The issue also affected M&S’s email and chat systems, preventing advance customer…
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22 AprilSupermarkets
Asda to open 25 convenience stores as part of turnaround strategy
Asda is reportedly getting ready to expand its convenience store footprint with 25 openings in new locations between June and December of this year, according to The Telegraph. It is understood that the supermarket chain’s strategy is to grow its smaller store formats in a bid to reach more local…
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Feb- 2025 -27 FebruaryNews-In-Brief
Today’s news in brief-27/2/25
Aldi is consulting on a head office restructuring plan that could put 350 jobs at risk, primarily affecting buying, finance, and back-office roles. No customer-facing positions will be impacted, and the company aims to redeploy affected staff where possible. The restructuring aligns with Aldi’s growth strategy, including a £67m investment…
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