EG Group Agrees To Sell 218 KFC UK&I Franchise Restaurants
EG Group today announces that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division.
Business
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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”).
Business
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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.
Mergers & Acquisitions
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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.
People
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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%.
Mergers & Acquisitions
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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.
People
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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.
Business
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The Competition and Markets Authority (“CMA”) has today formally confirmed acceptance of undertakings offered by Mohsin and Zuber Issa and TDR Capital LLP to divest 27 of EG Group Limited’s petrol filling stations to address the competition concerns relating to their separate acquisition of Asda Group Limited (“Asda”).
Business
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EG Group is pleased to announce that it will be creating up to 300 new roles, as part of the Government’s Kickstart scheme to improve opportunities for young people at risk of long-term unemployment.