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 OVER £37,000 TO SUPPORT THE CARE OF CHILDREN ACROSS THE COUNTRY 28/02/2022

EG Group is pleased to announce that it has raised over £37,000 for Alder Hey Children’s Charity to support the care of children from across the country.

People

EG GROUP SETS ITS SIGHTS ON PROVIDING OPPORTUNITIES FOR AROUND 500 APPRENTICESHIPS OVER THREE YEARS 08/02/2022

EG Group today announces ambitious plans to create opportunities for approximately 500 apprentices over a three-year period, as part of its wider ongoing commitment to train and develop colleagues across the UK.

Sustainability

The Fire Fighters Charity will be EG Group’s first charity partner of 2022 05/01/2022

EG Group, a leading global petrol forecourt retail convenience operator, has chosen The Fire Fighters Charity as its first charity for 2022.

Business

LEON ACCELERATES EXPANSION CREATING 4,000 JOBS OVER THE NEXT THREE YEARS 20/12/2021

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.

Mergers & Acquisitions

EG GROUP TO ACQUIRE 34 SPRINT FUEL AND CONVENIENCE STORE LOCATIONS 03/11/2021

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.

Business

UPDATE ON ASDA FORECOURT BUSINESS TRANSACTION 18/10/2021

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

EG GROUP DIVESTS 27 PETROL FILLING STATIONS TO PARK GARAGE GROUP 05/10/2021

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

EG Group acquires Cooplands 04/10/2021

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.

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