All Euro Garages articles – Page 7
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NewsEG Group agrees £750m deal to buy Asda’s forecourt business
Euro Garages’ parent company EG Group has agreed a deal to acquire Asda’s petrol filling stations, car washes and ancillary land for £750m.
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NewsEG Group marches on with €485m purchase of 285 sites in Germany
EG Group growth continues with the latest agreed acquisition of a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland GmbH, for €485 million.The acquisition will expand EG’s presence in Germany, where EG already operates sites under the Esso fuel brand.
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NewsCompetition and Markets Authority launches inquiry into proposed takeover of Asda
The Competition and Markets Authority (CMA) has launched an inquiry into the proposed £6.8bn takeover of Asda by EG Group’s founders Mohsin and Zuber Issa in partnership with private equity group TDR Capital.
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NewsEG Group opens its first UK bakery in partnership with US company Cinnabon
EG Group has opened the first bakery in its new partnership with US company Cinnabon at Frontier Park in Blackburn. Additional bakeries are set to open in January 2021.
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NewsBid by EG Group CEOs to buy Caffe Nero is rejected
An offer to buy Caffe Nero by EG Group’s founders and co-CEOs, Zuber and Mohsin Issa, has been rejected.
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NewsEG Group to open first of planned 150 Cinnabon stores this week
EG Group has partnered with US bakery Cinnabon, to open the brand’s newest bakery on December 4 at Frontier Park in Blackburn. Additional bakeries are set to open in January 2021.
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InterviewTALKING HEADS: Vision that led to a global network - Ilyas Munshi, EG Group
Ilyas Munshi on EG Group’s founding vision and rapid transition into a leading, global convenience retailer.
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NewsEG Group’s owners share issue could help fund their £6.8bn buyout of Asda
EG Group’s owners have raised hundreds of millions of pounds through a share issue that could help fund their £6.8bn buyout of Asda.
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NewsEG Group appoints former BP executive to board and reports surge in EBITDA
Former BP executive John Carey has joined the board of EG Group as a non-executive director as it revealed a surge in earnings for the third quarter of 2020. Carey held a senior position at BP advising on alternative fuels and also has international experience of forecourt and convenience retailing. In July he was appointed chairman of GripHero, the developer of fuel nozzle-mounted hand-protection dispensers.
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NewsEG Group adds another chain to its estate in United States
EG Group has agreed a deal to buy Schrader Oil, a chain of 18 convenience stores and fuel stations in Northern Colorado that employs 150 people. EG Group already operates a network of 88 Loaf ‘N Jug convenience stores in Colorado, with about 1,500 employees, and the Schrader Oil sites will be rebranded to Loaf ‘N Jug.
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NewsEG Group trials fresh pizza products across a number of its Euro Garages sites
EG Group is partnering an international pizza brand to trial fresh pizza products across a number of its Euro Garages sites in the UK.
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NewsHoyer Petrolog dismisses disruption claims as Stanlow drivers vote to strike
Forecourt operators and oil companies are set to suffer disruption due to a tanker drivers strike, according to the Unite union, although the transport company involved says the impact will be “negligible”.
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NewsEG Group extends partnership with PayPoint for three additional years
EG Group has extended its partnership with PayPoint, in a move that will see the continuation of bill payment and parcel services in nearly 400 of EG Group’s forecourt sites across the UK.
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NewsEG Group pushes EBITDA up 54% on a like-for-like basis in third quarter
Euro Garages parent company EG Group has released a trading update for the three months to September 30 showing EBITDA up a record 54% on a like-for-like basis.
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NewsFirst Asda on the Move opens on Euro Garages site in Walsall
The first ‘Asda On the Move’ convenience store has opened on a Euro Garages site in Walsall. The site is part of a three-store trial with EG Group that will see Asda open on forecourts in the Midlands during October and follows last week’s announcement that Asda is being acquired by the Issa brothers and TDR Capital.
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NewsTLM finishes deployment of evoHeadOffice across entire EG Group estate in UK
TLM has completed the deployment of its evoHeadOffice system across EG Group’s entire UK estate of more than 400 sites, which began in 2019.
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NewsIssa brothers agree £6.8bn deal with Walmart to take over Asda
A £6.8bn deal to buy Asda has been agreed by EG Group’s founders and joint CEOs Zuber and Mohsin Issa and private equity group TDR Capital. The transaction, which is subject to regulatory approval and expected to complete in the first half of next year, involves the Issa brothers and TDR Capital acquiring a majority ownership stake in Asda, but its current owner, the giant US retailer Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the board.
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NewsEG Group is chosen as the preferred bidder to take over Asda
Euro Garages parent company EG Group is the leading contender to take over Asda in a £6.5bn deal. According to Sky News, a consortium led by Mohsin and Zuber Issa, the bosses of EG Group, and TDR Capital, the London-based private equity firm, has been selected by Asda’s owner, the American retailer Walmart, as the preferred bidder for the supermarket group.
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NewsEuro Garages trials ‘Asda on the Move’ convenience brand
Top 50 Indie Euro Garages is taking part in an in-store trial with Asda.
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NewsEuro Garages to invest in new £4m forecourt development in Northumberland
Euro Garages is to invest £4m building a circa 8,000sq ft development on the Ashwood Business Park in South East Northumberland. The site will include a petrol filling station, convenience store, and drive-thru Starbucks outlet and will create 50 full and part-time jobs, with a further 40 jobs through construction work.