News

EG GROUP ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION

25/04/2025

25 April, 2025: EG Group, a leading international operator of convenience retail, foodservice and fuel stations, today announces its executive leadership transition plan.

The key elements are:

Co-founder Mohsin Issa will step down as CEO. He will retain a substantial minority shareholding and remain on the Board as a Non-Executive Director of the business.
Russell Colaco, currently Group CFO, has been appointed CEO.
The search for a new CFO is well-advanced.

Russell Colaco joined EG Group as CFO in June 2024 bringing extensive US and international experience, both in the wider consumer retail sector and investment banking. Reflecting the growing importance of non-UK markets for the Group, Russell will be primarily based in the United States, EG Group’s single largest market.

Partnerships

EG GROUP RAISES £178,000 FOR THE BRITISH RED CROSS AND ANNOUNCES NEW CHARITY PARTNER 16/05/2023

EG Group is pleased to announce that it has raised more than £178,000 for the British Red Cross, part of one of the world’s largest humanitarian networks, following a four-month partnership.

Achievement

EG Group opens landmark 150th Asda On the Move convenience store 27/04/2023

EG Group today announces the landmark opening of the 150^th Asda On the Move store in partnership with Asda, marking the latest milestone in its ambitious plans to roll-out 200 of the roadside convenience store formats by the end of 2023.

Business

EG GROUP ANNOUNCES $1.5bn SALE AND LEASEBACK OF SELECT USA EAST COAST ASSETS 06/03/2023

EG Group is pleased to announce it has agreed to the sale and leaseback on a portfolio of its sites on the east coast of the United States of America (USA) to Realty Income Corporation for a gross consideration of approximately $1.5bn.

Business

EG Group opens landmark 100th Asda On the Move convenience store 21/02/2023

EG Group today announces the landmark opening of the 100^th Asda On The Move store in partnership with Asda. EG also confirmed plans to open a further 100 sites across the UK this year, as part of its strategy to create more convenient ways for customers to shop.

Sustainability

EG FUEL PARTNERS WITH KLM EQUIPMENT SERVICES TO SUPPLY RENEWABLE DIESEL 17/01/2023

EG Group is pleased to announce that EG Fuel, a wholly owned business division of EG Group, has partnered with KLM Equipment Services (KES), an independent subsidiary of KLM Royal Dutch Airlines, to supply its operations at Amsterdam Airport Schiphol with Neste MY Renewable Diesel™.

Partnerships

EG GROUP PARTNERS WITH BRITISH RED CROSS – ITS FIRST CHARITY PARTNERSHIP THIS YEAR 03/01/2023

EG Group today announces its first charity partnership of 2023 with the British Red Cross, part of the world’s largest humanitarian network. EG Group has also partnered with The Red Cross across other markets including Italy and the United States.

Business

CINNABON LAUNCHES DELIVERY SERVICE IN THE UK 21/11/2022

EG Group, master franchisee of iconic US bakery Cinnabon in the United Kingdom, is pleased to announce the launch of its delivery service across the UK.

Business

CINNABON OPENS FLAGSHIP BAKERY IN CHESTER CITY CENTRE 26/10/2022

EG Group, master franchisee of iconic US bakery Cinnabon in the United Kingdom, is pleased to announce the opening of its flagship store in Chester city centre. This is the largest Cinnabon store in the UK and creates 15 new full and part time roles within the community.

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