EG Group
This coverage explores EG Groupโs 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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Sep- 2021 -6 SeptemberSupermarkets
Asda Q2 revenues top ยฃ5bn
Asda has reported a 3.1% two-year increase in revenues excluding fuel to over ยฃ5bn during its latest quarter ending 30 June 2021. The increase was driven by a 23% two-year jump in like-for-like sales of the supermarket chainโs premium โextra specialโ range. However, year-on-year revenues excluding fuel at Asda represented…
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Aug- 2021 -31 AugustSupermarkets
Issa brothers plan to open 300 Asda convenience stores
Asdaโs new owners, the Issa brothersโ are reportedly planning to open more than 300 convenience stores under the supermarketโs name across their EG Group forecourts.ย According to The Times, the pair are looking to roll out the concept after they previously launched five โAsda on the Moveโ stores as a…
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27 AugustSupermarkets
EG Group revenues soar 57.7% in Q2
Blackburn-based retail giant EG Group saw total revenues soar 57.7% year-on-year to $6.51bn (ยฃ4.75m) in Q2 FY21. The new Asda owner also reported a 23.7% growth in group EBITDA, up from $307m (ยฃ224m) in Q2 FY20 to $380m (ยฃ277m) this year. The Issa brothersโ global company continued to gain the…
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25 AugustPeople Moves
Asda eyes former M&S boss for chief exec role
Asda is reportedly looking to Lord Rose of Monewden, the former boss of Marks and Spencer, as its new chief executive.ย According to The Times, the Issa brothers, owners of Asda, are considering Rose after Roger Burnely completed an early resignation earlier this month.ย Rose, who served as M&S chief…
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6 AugustSupermarkets
Asda chief Roger Burnley completes early resignation
Asda has announced that Roger Burnley has stepped down from his role as chief executive at the group following its ยฃ6.8bn EG Group and TDR Capital takeover. While Burnley had been due to leave his post in 2022, the process has been accelerated โfollowing completion of a transition periodโ under…
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Jun- 2021 -16 JuneSupermarkets
Issa Brothers given green light for ยฃ6.8bn Asda takeover
The Competition and Markets Authority (CMA) has accepted the Issa Brothers offer to sell 27 of their 395 EG Group petrol filling stations in a bid to close their ยฃ6.8bn takeover of Asda.ย In April, the competition watchdog launched an investigation into the deal after it was feared that the…
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2 June
Amazon to become UKโs largest retailer by 2025, study finds
Amazon is to overtake Tesco as the UKโs largest retailer within the next four years, with UK sales expected to reach ยฃ77.1bn by 2025, according to a report from Edge by Ascentialโs syndicated research arm, Edge Retail Insight. In 2020, Amazon UKโs total sales were ยฃ36.3bn, while Tescoโs sales were…
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May- 2021 -6 MaySupermarkets
Issa brothers step closer to Asda buyout
The Issa brothers are a step closer to completing their ยฃ6.8bn Asda buyout, having offered to address concerns put forward by the Competition and Markets Authority (CMA). In order to finalise the debt-fueled takeover, Zuber and Moshin Issa have agreed to sell 27 of their 395 EG Group petrol filling…
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Apr- 2021 -21 AprilSupermarkets
Asda takeover may lead to higher petrol prices, CMA warns
The Competition and Markets Authority (CMA) has raised concerns that the ยฃ6.8bn takeover of Asda could lead to higher petrol prices in some areas of the UK.ย The watchdog has been reviewing the sale by Walmart to the Issa Brothers and private equity firm TDR Capital since December 2020.ย The…
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19 AprilHigh Street
EG Group acquires Leon in ยฃ100m deal
The EG Group, owned by billionaire brothers Mohsin and Zuber Issa, has announced the acquisition of all 70 Leon restaurants in a ยฃ100m deal. The group, which recently acquired a majority stake in Asda, said the acquisition will complement EGโs existing 700 foodservice outlets in the UK and Ireland of…
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