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May 7, 2024 · 7th May 2024. Aoife Morgan. Grocery News. Asda owners piled on nearly £1.5bn of new liabilities that are not counted in the supermarket’s headline debt figures to finance the buyout of EG...
May 20, 2024 · EG Group posted revenues of $28.3 billion for 2023, down 7% on last year, while the disposals helped it to a profit of $1.5 billion. The deal is the latest sign in an apparent rift between the...
May 20, 2024 · 20th May 2024. Cara Houlton. Asda co-owner Zuber Issa is to acquire EG Group’s UK arm in a deal set to be finalised by the end of next month. The agreement, which will exclude the Cooplands bakery, some Starbucks stores and the group’s electric vehicle charging business Evpoint, comes in a bid to limit its debt pile.
May 21, 2024 · Recently filed accounts reveal EG Group made a profit following the sale of 350 petrol stations and more than 1,000 food-to-go sites to Asda last year, a deal designed to slash soaring...
May 20, 2024 · New EG Group deal in Issa brothers ‘rift’. 2024-05-20 - Simon Hunt @SimonPeterHunt. ZUBER ISSA is set to acquire the UK arm of EG Group in a bid to cut its debt pile in the latest sign of an apparent rift with his brother Mohsin.
6 days ago · EG Group has confirmed an agreement to buy Asda’s forecourt business for £750 million as part of the financial restructuring. EG, which operates more than 6,000 forecourts globally, expects the petrol station acquisition to complete in the second quarter of 2021.
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May 14, 2024 · Greggs to deepen ties with Issa brothers-owned franchisees Asda and EG Group amid major store expansion. High street bakery chain Greggs has revealed plans to open up to another 160 stores by...
