EG GROUP ANNOUNCES $1.5bn SALE AND LEASEBACK OF SELECT USA EAST COAST ASSETS
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.
Naturally Fast Food brand LEON today unveils new growth strategy centred on plans to more than double the pace of its store rollout programme, with more than 50 restaurants to be opened in the next year creating 1,000 jobs, and 4,000 jobs over the next three years.
EG Group (“EG” or “the Company”) is pleased to announce that it has entered into an Asset Purchase Agreement (“Purchase Agreement”) with Sprint Food Stores, Inc. (“Sprint”) in the USA.
On February 3, 2021, EG Group (“EG” or “the Company”), announced that it had agreed to acquire certain assets of Asda (the “Asda Forecourt Business” or “Transaction”).
EG Group today announces it has entered into a binding agreement to divest 27 (1) petrol filling stations (PFS), located throughout the UK, to Park Garage Group.
EG Group is pleased to announce it has acquired CS Food Group Holdings Limited (“Cooplands”), a bakery business. Cooplands owns and operates high-quality bakery assets in the United Kingdom (UK), including three bakeries that process ingredients and manufacture fresh food distributed through its supply and logistics network to about 180 stores and cafes, predominantly across the north-east and Yorkshire regions.
EG Group (“The Group” and “EG”) is pleased to announce 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. Increased rates of pay will apply across all of EG’s petrol filling stations and foodservice brands in the UK, effective from 1st October 2021. Every colleague aged 18 and above will now be paid a minimum of £9.50 per hour. More experienced colleagues, such as team leaders and supervisors, will be paid a minimum of £10.00 per hour. These changes represent an average hourly wage increase of more than 5%.
EG Group (“EG” or “the Group”) is pleased to announce the acquisition of 52 Kentucky Fried Chicken (KFC) restaurants in the United Kingdom (UK) from Amsric Group. The acquired network, across the south and south-west regions, comprises more than 1,600 team members and a mix of high-quality drive thru and traditional restaurant formats.
EG Group is pleased to announce a significant expansion of its apprenticeship programme after a successful trial and the graduation of its first 33 apprentices working for the leading global petrol forecourt and convenience retail operator.