EG Group
British retail group / From Wikipedia, the free encyclopedia
EG Group is a British operator of filling stations, convenience stores and food service providers across Europe, the United States and Australia. It was founded in Blackburn in 2001 by brothers Mohsin and Zuber Issa, initially as Euro Garages.
Formerly |
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Company type | Private |
Industry | Retail |
Founded | 2001 |
Founder | |
Headquarters | , United Kingdom |
Area served |
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Key people |
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Brands |
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Revenue | $26.511 billion (2021)[3] |
Number of employees | 50,000+ (2021) |
Parent | Optima Bidco (Jersey) Limited |
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Subsidiaries |
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Website | eg.group |
In October 2015, TDR Capital purchased a minority stake in Euro Garages for £1.3 billion.[4] In October 2016, TDR Capital's European Forecourt Retail Group (EFR) merged with Euro Garages to form Intervias Group, which would later be renamed EG Group.[5]
The group's acquisitions have been largely funded by debt, with a net debt of nearly £8 billion in March 2023, with the group exploring various sales of assets and sale-and-leaseback on some of its properties to reduce this debt.[6]
As of 2024 EG Group barely operates in the UK and no longer operates in Ireland, as most of its assets have been sold to Asda, Zuber Issa and Yum! Brands.