All Zuber Issa articles – Page 4
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NewsFoodservice continues to drive growth at EG Group as it publishes first quarter update
EG Group has revealed its gross profit on fuel in the first quarter of 2022 increased by 16% to $481m compared with the same period last year, but gross profit margins reduced slightly compared with the quarter ending December 21, 2021, partially driven by increased market volatility in wholesale oil prices and demand.
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NewsMorrisons rescues McColl’s following bidding war with EG Group
EG Group has confirmed it lost out to Morrisons in the race to buy the troubled convenience store chain McColl’s Retail Group which was placed in administration last Friday (May 6).
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NewsEG Group completes acquisition of 285 German service stations while rumours of sell-off talks continue
EG Group has completed the acquisition of OMV’s service station network in Germany from OMV Deutschland GmbH.
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NewsEG Group unveils growth strategy that will add 22,700 UK jobs by end of 2026
EG Group has unveiled plans to roll out its Leon and Cooplands brands to its UK forecourts and accelerate openings of partner brands such as Starbucks and KFC.
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NewsIssa brothers’ development company appeals plans for service station on M65
A develoment company owned by EG Group’s founders is appealing refusal of planning permission for a service station and industrial units at the end of the M65 motorway at Colne in Lancashire.
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NewsEG Group co-founder Zuber Issa embarks on new-format grocery convenience trial
EG Group co-founder and co-CEO Zuber Issa is undertaking a one-store grocery convenience trial under the brand name Euro Grocers, separate to his other business interests.
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NewsPark Garage Group succeeds in adding off licences to most of its EG Group acquisition sites
Park Garage Group has obtained off licences for almost all of the 27 sites it acquired from EG Group since the deal was announced at the beginning of October - although one licensing hearing proved particularly awkward.
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NewsEG Group reports second highest quarterly EBITDA of $428m
EG Group has reported a $48m decline in EBITDA for the third quarter of 2021, compared with the same quarter a year ago, which was a record-breaking EBITDA performance following the easing of Covid-19 restrictions.
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NewsEG Group set to buy US forecourt convenience and foodservice operator Sprint
EG Group has reached agreement to buy American forecourt and convenience operator Sprint Food Stores.
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NewsEG Group confirms sale of 27 sites to Park Garage Group
EG Group has announced the sale of 27 forecourt sites to fellow Top 50 Indie Park Garage Group, following its recent confirmation that it had reached agreement with a single purchaser, subject to approval.
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NewsEG Group ups wages for 10,500 UK employees to recognise commitment during pandemic
EG Group has announced that it has increased hourly rates of pay for 10,500 employees in the UK in recognition of their hard work and commitment throughout the pandemic.
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NewsEG Group acquires 52 KFC restaurants
EG Group has acquired 52 Kentucky Fried Chicken (KFC) restaurants in the UK from Amsric Group.
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NewsEG Group announces significant expansion of its apprenticeship programme
EG Group has announced a significant expansion of its apprenticeship programme after a successful trial and the graduation of its first 33 apprentices.
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NewsEG Group reaches agreement with single buyer for divestment of 27 sites
EG Group has confirmed that it has agreed a deal with a single potential purchaser for the 27 sites it needs to divest to satisfy competition concerns about the takeover of Asda, and its owners are reported to be planning to roll out Asda on the Move c-stores widely across its UK forecourt estate.
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OtherTop indie retailers reveal positive outlook despite uncertainty over alternative fuels
The majority of the biggest independent forecourt operators describe the current trading environment as positive, despite being uncertain about the future of alternative fuels, according to the latest research by Lumina Intelligence, revealed at this week’s Top 50 Indies dinner.
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NewsEG Group subsidiary Beehive Equity invests £5m in hydrogen vehicle development
EG Group subsidiary - Beehive Equity Ltd - has made a £5 million capital injection into Scotland-based hydrogen vehicle specialist HV Systems (HVS), which will now begin developing its hydrogen vehicle designs through to production.
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NewsEG Group-owned fast-food brand Leon announces plans for first drive-thru restaurant
EG Group-owned fast-food brand Leon has announced nationwide expansion plans including news of its first drive-thru concept.
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NewsCMA gives green light to takeover of Asda by Issa brothers and TDR Capital
The takeover of Asda by EG Group founders and joint CEOs Mohsin and Zuber Issa, and investment funds managed by TDR Capital, has been given the green light by the Competition and Markets Authority (CMA).
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NewsCMA reveals the 27 sites EG Group is offering to sell to secure Asda deal
The definitive list of 27 sites which EG Group plans to sell to enable its owners to secure their deal to buy Asda, has been revealed today.