Layer3.news

nostr:nevent1qvzqqqqqqypzp8fng5y4axrdakd0wfxjd2x9hms9p07kzhpjl308dxq6pzw8yqywqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqtwvnskd0up0n5msuct9rl02r3nvuqkyusjx4khrclgfhv39u40fqyxq35d

ASDA SAYS NEW BUSINESS TAXES MEAN CUSTOMERS ARE ‘FEELING IT’ AT THE TILL

https://i.guim.co.uk/img/media/1155327cec15a9a858bc4e04f8c8c93dd638eac0/114_0_4840_3872/master/4840.jpg?width=140&quality=85&auto=format&fit=max&s=8471c0261221c0e7cfd5b5877354c350

✍️ Asda's boss, Allan Leighton, says that new business taxes are being passed on to consumers, but the supermarket chain is investing to keep prices low. Despite a 0.2% sales decline, Asda is revamping its IT systems and investing in staff and prices.

👉 The UK's third largest supermarket chain is at risk of being overtaken by the discounter Aldi 👉 Retailers face a £7bn increase in costs this year due to changes in employers' national insurance contributions, packaging levies, and the increase in the legal minimum wage 👉 Asda is investing in keeping prices down and putting more staff on the shop floor 👉 The company has cut prices by an average 22% on more than half its products 👉 Asda is revamping its IT systems to improve product availability and online experience

-- #AllanLeighton #MohsinIssa #ZuberIssa #Castleford #WestYorkshire #business

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Allan Leighton Mohsin Issa Zuber Issa Castleford West Yorkshire business liberal:perspective

8/28/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqhlg9zeg9fpvpfnn2ra7ajl8wegutng9uym7ndr5cptkyde02d4zsh4ll36

EG GROUP MOVING GLOBAL HQ TO CHARLOTTE AS US GROWTH TAKES CENTER STAGE

https://s.yimg.com/ny/api/res/1.2/kdidKRDrtJcNxE.ud8.uCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/93556c084f66a97f310d90606d3d824a

✍️ EG Group is moving its global headquarters from Blackburn, England to Charlotte, North Carolina, as part of its shift into a new growth phase.

👉 EG Group is moving its global headquarters from Blackburn, England to Charlotte, North Carolina 👉 The move aims to offer stronger support to the company's global operations 👉 The company sold over 1,000 c-store and fueling locations across the UK and Ireland to relieve debt 👉 EG Group divested its businesses in Italy and Australia to relieve debt 👉 The company's new headquarters will house key finance, legal, and corporate personnel

-- #ZuberIssa #RussellColaco #Blackburn,England #Charlotte,NorthCarolina #UK #Ireland #Italy #Australia #Florida #Alabama #Mississippi #Tennessee #business

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Zuber Issa Russell Colaco Blackburn, England Charlotte, North Carolina UK Ireland Italy Australia

8/22/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq6kpq9494u6667yqnn3d8yuf0wlru28unggc5eux4m4khau3gl5ystlvstc

3 BIG NUMBERS: HOW EG GROUP IS RESHAPING ITS GLOBAL FOOTPRINT

https://s.yimg.com/ny/api/res/1.2/L3HzSWZ_3bowrm_YoFKfyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/602d3725bcf8af06126680d83d9d942c

✍️ EG Group, a global c-store chain, is reorganizing its business by selling its operations in Italy and Australia to focus on growth in other areas.

👉 EG Group is selling its operations in Italy and Australia to focus on growth in other areas. 👉 The company will use the proceeds to focus on its U.S. operations, EG America, and its foodservice business. 👉 EG America's foodservice revenue currently accounts for only 3% of its revenue, but the company is aiming to boost this figure through technological upgrades and new QSR concepts. 👉 The company has confirmed its exit from Italy and Australia to relieve billions in debt.

-- #ZuberIssa #RussellColaco #MendyMeriwether #Italy #Australia #Massachusetts #business

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Zuber Issa Russell Colaco Mendy Meriwether Italy Australia Massachusetts business mainstream:perspective

8/16/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpquqdy8g23q7wk94pl7486y6h2ajem2q6dcl99jpdk4y7ng4qc4mys26lkza

FUELING UP: SHOULD EG GROUP SHED ITS US C-STORES IF AN IPO IS NEAR?

https://s.yimg.com/ny/api/res/1.2/kdidKRDrtJcNxE.ud8.uCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/93556c084f66a97f310d90606d3d824a

✍️ Zuber Issa, co-founder of EG Group, is considering selling the company's US assets, including over 1,500 convenience stores, to relieve debt, contradicting previous plans for an IPO.

👉 EG Group's US assets include over 1,500 convenience stores 👉 Selling these assets would help relieve debt faster than an IPO 👉 Contradicts previous plans for an IPO, which would have valued the company at around $17.5 billion 👉 EG Group has been on a selling spree in recent years, including the sale of assets in Australia, Italy, and the UK

-- #ZuberIssa #UK #US #Australia #Italy #business

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Zuber Issa UK US Australia Italy business mainstream:perspective

8/15/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqhe7vwlgw2t7t5rr2rpvmx9mx403266tnpkn748gtnvm2s3wxy7jqrph440

ZUBER ISSA DEMANDS PETROL STATION EMPIRE SELL OFF $5BN US ARM

https://s.yimg.com/ny/api/res/1.2/0QqZe1V4RprzBnzr_W.wSA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/f975c38d2a11233caf59e9efd781a562

✍️ Zuber Issa, a billionaire brother behind EG Group, is urging the company to sell its $5bn US business instead of pursuing a listing.

👉 EG Group's US business generates the most revenue among its operations in nine countries. 👉 The company employs nearly 40,000 people across more than 5,500 sites. 👉 Zuber Issa is urging the sale of the US business to a single buyer instead of pursuing an IPO. 👉 The move is seen as a split with the company's private equity backer, TDR Capital.

-- #ZuberIssa #MohsinIssa #Bury #Manchester #Blackburn #France #Germany #NewYork #business

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Zuber Issa Mohsin Issa Bury Manchester Blackburn France Germany New York

8/10/2025

nostr:nevent1qvzqqqqqqypzp8fng5y4axrdakd0wfxjd2x9hms9p07kzhpjl308dxq6pzw8yqywqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq56uuhpv97lwquepp8yeludncv2l8nad7wdw45m3pfnuz2pwjjt0qx7ycfh

ASDA UNLIKELY TO SEE GROWTH BEFORE YEAR-END AT EARLIEST, SAYS SUPERMARKET BOSS

https://i.guim.co.uk/img/media/099916d83070c7367ffa563379c41a230665e327/482_0_4800_3840/master/4800.jpg?width=140&quality=85&auto=format&fit=max&s=832e8f27a1f7df57049eb534bff144cb

✍️ Asda's chair, Allan Leighton, says the supermarket is unlikely to see growth before the end of the year due to ongoing sales decline, despite price cuts and increased stock.

👉 Underlying sales at Asda fell 3.1% in the four months to the end of April 👉 Asda is unlikely to see growth before the end of the year 👉 Aldi is expanding across the UK and gaining market share 👉 Asda is reducing prices and improving availability 👉 George clothing sales are outperforming the wider market

-- #AllanLeighton #GilesHurley #MohsinIssa #ZuberIssa #UK #business

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Allan Leighton Giles Hurley Mohsin Issa Zuber Issa UK business liberal:perspective

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqg8rrrnyu54ywpt8vezkg8nang07rndq9y0tc39v95jkaukdk8vjqtm59wc

ASDA UNLIKELY TO SEE GROWTH BEFORE YEAR END AT EARLIEST, SAYS SUPERMARKET BOSS

https://media.zenfs.com/en/the_guardian_765/905bb98ffc47f859e35a3e722e9802d0

✍️ Asda's chair, Allan Leighton, says the supermarket is unlikely to see growth before the end of this year, despite price cuts and increased stock.

👉 Asda's sales continue to fall, with underlying sales down 3.1% in the four months to the end of April. 👉 The supermarket is struggling to compete with discounters like Aldi. 👉 Asda plans to return to everyday low prices by the end of next year. 👉 The company is investing in cutting prices, with 10,000 products already reduced in price. 👉 Asda is seeing 'green shoots' of progress, with the pace of decline easing from the previous quarter.

-- #AllanLeighton #GilesHurley #MohsinIssa #ZuberIssa #business

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Allan Leighton Giles Hurley Mohsin Issa Zuber Issa business mainstream:perspective

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq24w523u0s677jl6wy33mqw8h28l63n5sr82shdpf6ctp7sneq4wq4sw67t

ASDA OWNERS SHARE £44M PAYOUT DESPITE ‘EMBARRASSING’ PERFORMANCE

https://s.yimg.com/ny/api/res/1.2/8j3gC0QsvgX3LolBwWwI8w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/42d811b9606f57ebbe7876a905824c20

✍️ The private equity firm TDR Capital, which owns Asda, shared £44m among its 17 partners despite the supermarket's struggles.

👉 TDR Capital shared a profit pot of £43.9m among its 17 partners 👉 The highest earning partner received £2.9m 👉 Asda has struggled to compete since the debt-fuelled takeover in 2021 👉 Asda's market share has dropped from 14.8% to 12.5% 👉 TDR Capital has investments in private university BPP, gym chain David Lloyd, and the UK franchisee of Popeye's restaurants, among others

-- #ManjitDale #StephenRobertson #PaulTudorJones #LordRose #ZuberIssa #MohsinIssa #AllanLeighton #London #Norway #business

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Manjit Dale Stephen Robertson Paul Tudor Jones Lord Rose Zuber Issa Mohsin Issa Allan Leighton London

12/24/2024

Layer3.news

AI by layer3.news

Filtering by: Zuber Issa · clear filter

nostr:nevent1qvzqqqqqqypzp8fng5y4axrdakd0wfxjd2x9hms9p07kzhpjl308dxq6pzw8yqywqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq4degxpqfdl6qnmsn6gwwyfvwa45w9s239dzvatn5pvexn7esun6sjy6uyj

ASDA TO RAISE £568M IN STORE SELL-OFF AS SALES CONTINUE TO FALL

https://i.guim.co.uk/img/media/b7a528d2abcf35c215bf72851936d988302b5489/765_0_4674_3739/master/4674.jpg?width=140&quality=85&auto=format&fit=max&s=ac6bb42f59476f3ebf0e9023b00d91ea

✍️ Asda is selling 24 stores and a distribution centre to raise £568m, a move seen as a sign of weakness as sales continue to fall.

-- #CliveBlack #PatrickO'Brien #NadineHoughton #ArmarveerSingh #AllanLeighton #ZuberIssa #MohsinIssa #Leeds #UK #business

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Clive Black Patrick O'Brien Nadine Houghton Armarveer Singh Allan Leighton Zuber Issa Mohsin Issa Leeds

11/20/2025

nostr:nevent1qvzqqqqqqypzp8fng5y4axrdakd0wfxjd2x9hms9p07kzhpjl308dxq6pzw8yqywqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqtwvnskd0up0n5msuct9rl02r3nvuqkyusjx4khrclgfhv39u40fqyxq35d

ASDA SAYS NEW BUSINESS TAXES MEAN CUSTOMERS ARE ‘FEELING IT’ AT THE TILL

https://i.guim.co.uk/img/media/1155327cec15a9a858bc4e04f8c8c93dd638eac0/114_0_4840_3872/master/4840.jpg?width=140&quality=85&auto=format&fit=max&s=8471c0261221c0e7cfd5b5877354c350

✍️ Asda's boss, Allan Leighton, says that new business taxes are being passed on to consumers, but the supermarket chain is investing to keep prices low. Despite a 0.2% sales decline, Asda is revamping its IT systems and investing in staff and prices.

-- #AllanLeighton #MohsinIssa #ZuberIssa #Castleford #WestYorkshire #business

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Allan Leighton Mohsin Issa Zuber Issa Castleford West Yorkshire business liberal:perspective

8/28/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqhlg9zeg9fpvpfnn2ra7ajl8wegutng9uym7ndr5cptkyde02d4zsh4ll36

EG GROUP MOVING GLOBAL HQ TO CHARLOTTE AS US GROWTH TAKES CENTER STAGE

https://s.yimg.com/ny/api/res/1.2/kdidKRDrtJcNxE.ud8.uCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/93556c084f66a97f310d90606d3d824a

✍️ EG Group is moving its global headquarters from Blackburn, England to Charlotte, North Carolina, as part of its shift into a new growth phase.

-- #ZuberIssa #RussellColaco #Blackburn,England #Charlotte,NorthCarolina #UK #Ireland #Italy #Australia #Florida #Alabama #Mississippi #Tennessee #business

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Zuber Issa Russell Colaco Blackburn, England Charlotte, North Carolina UK Ireland Italy Australia

8/22/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq6kpq9494u6667yqnn3d8yuf0wlru28unggc5eux4m4khau3gl5ystlvstc

3 BIG NUMBERS: HOW EG GROUP IS RESHAPING ITS GLOBAL FOOTPRINT

https://s.yimg.com/ny/api/res/1.2/L3HzSWZ_3bowrm_YoFKfyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/602d3725bcf8af06126680d83d9d942c

✍️ EG Group, a global c-store chain, is reorganizing its business by selling its operations in Italy and Australia to focus on growth in other areas.

-- #ZuberIssa #RussellColaco #MendyMeriwether #Italy #Australia #Massachusetts #business

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Zuber Issa Russell Colaco Mendy Meriwether Italy Australia Massachusetts business mainstream:perspective

8/16/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpquqdy8g23q7wk94pl7486y6h2ajem2q6dcl99jpdk4y7ng4qc4mys26lkza

FUELING UP: SHOULD EG GROUP SHED ITS US C-STORES IF AN IPO IS NEAR?

https://s.yimg.com/ny/api/res/1.2/kdidKRDrtJcNxE.ud8.uCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/c_store_dive_342/93556c084f66a97f310d90606d3d824a

✍️ Zuber Issa, co-founder of EG Group, is considering selling the company's US assets, including over 1,500 convenience stores, to relieve debt, contradicting previous plans for an IPO.

-- #ZuberIssa #UK #US #Australia #Italy #business

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Zuber Issa UK US Australia Italy business mainstream:perspective

8/15/2025

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqhe7vwlgw2t7t5rr2rpvmx9mx403266tnpkn748gtnvm2s3wxy7jqrph440

ZUBER ISSA DEMANDS PETROL STATION EMPIRE SELL OFF $5BN US ARM

https://s.yimg.com/ny/api/res/1.2/0QqZe1V4RprzBnzr_W.wSA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/f975c38d2a11233caf59e9efd781a562

✍️ Zuber Issa, a billionaire brother behind EG Group, is urging the company to sell its $5bn US business instead of pursuing a listing.

-- #ZuberIssa #MohsinIssa #Bury #Manchester #Blackburn #France #Germany #NewYork #business

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Zuber Issa Mohsin Issa Bury Manchester Blackburn France Germany New York

8/10/2025

nostr:nevent1qvzqqqqqqypzp8fng5y4axrdakd0wfxjd2x9hms9p07kzhpjl308dxq6pzw8yqywqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq56uuhpv97lwquepp8yeludncv2l8nad7wdw45m3pfnuz2pwjjt0qx7ycfh

ASDA UNLIKELY TO SEE GROWTH BEFORE YEAR-END AT EARLIEST, SAYS SUPERMARKET BOSS

https://i.guim.co.uk/img/media/099916d83070c7367ffa563379c41a230665e327/482_0_4800_3840/master/4800.jpg?width=140&quality=85&auto=format&fit=max&s=832e8f27a1f7df57049eb534bff144cb

✍️ Asda's chair, Allan Leighton, says the supermarket is unlikely to see growth before the end of the year due to ongoing sales decline, despite price cuts and increased stock.

-- #AllanLeighton #GilesHurley #MohsinIssa #ZuberIssa #UK #business

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Allan Leighton Giles Hurley Mohsin Issa Zuber Issa UK business liberal:perspective

nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqg8rrrnyu54ywpt8vezkg8nang07rndq9y0tc39v95jkaukdk8vjqtm59wc

ASDA UNLIKELY TO SEE GROWTH BEFORE YEAR END AT EARLIEST, SAYS SUPERMARKET BOSS

https://media.zenfs.com/en/the_guardian_765/905bb98ffc47f859e35a3e722e9802d0

✍️ Asda's chair, Allan Leighton, says the supermarket is unlikely to see growth before the end of this year, despite price cuts and increased stock.

-- #AllanLeighton #GilesHurley #MohsinIssa #ZuberIssa #business

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Allan Leighton Giles Hurley Mohsin Issa Zuber Issa business mainstream:perspective