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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Jan- 2021 -22 JanuaryPeople Moves
EG Group appoints Lord Stuart Rose as chair
The Issa Brothersโ EG Group has announced the appointment of Lord Stuart Rose as non-executive chairman with immediate effect. Lord Rose is currently chairman of Ocado plc, a post from which he will retire in May after more than eight years as chair. He previously served as chief executive and…
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Nov- 2020 -13 NovemberSupermarkets
New Asda owners sell stake in EG holding company
The Issa brothers, the new billionaire owners of supermarket giant Asda, have reportedly generated hundreds of millions of pounds by offloading a stake in its holding company to a number of global investors.ย According to Sky News, an Abu Dhabi sovereign fund and two Canadian pension funds have acquired a…
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Oct- 2020 -15 OctoberSupermarkets
Deloitte resigns as EG auditors amid Asda acquisition
EG Group has appointed KPMG as its auditors after Deloitte resigned from the role due to โconcerns over its governance and internal controlsโโ, according to sources close to the matter who spoke with the Financial Times. The UK petrol station companyโs billionaire owners recently agreed to a deal to acquire…
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Sep- 2020 -23 SeptemberSupermarkets
Lone Star drops out of Asda race
US private equity firm Lone Star has reportedly dropped out of the ยฃ6.5bn race to acquire Asda from Walmart. According to the Telegraph, Lone Star was unable to meet the asking price asked by Walmart, leaving its rival Apollo in pole position for the grocer.ย However, reports also suggest that…
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7 SeptemberSupermarkets
Asda future could be decided this week as takeover deadline looms
The future of โBig Fourโ grocer Asda could be decided as early as this week, as rival private equity firms reportedly finalise their bids. According to The Telegraph, bids for the grocer, which is valued at around ยฃ6.5bn, are due today (Monday 7 September) with private equity firms Apollo Global…
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Mar- 2020 -2 MarchSupermarkets
EG Group to vie with equity firms for Asda stake
The EG Group, owned by petrol station billionaire brothers Zubin and Moshin Issa, is reportedly among a number of interested private equity firms vying to acquire a majority stake in Asda.ย According to The Sunday Telegraph, the EG Group is one of a number of interested parties in acquiring a…
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