Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Britain's EG Group to create over 32,000 jobs globally over 5 years

Thu, 21st Apr 2022 12:34

LONDON, April 21 (Reuters) - EG Group, the acquisitive British petrol station and food retail business owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, plans to create over 32,000 jobs globally over five years, it said on Thursday.

The group plans to add about 22,700 jobs in the United Kingdom between January 2022 and December 2026 and about 9,700 in its nine other markets - the United States, Ireland, France, Italy, Germany, Belgium, the Netherlands, Luxembourg and Australia.

In the UK, many of the jobs will come from rolling out its bakery chain Cooplands and its fast food brand LEON across EG's petrol forecourt network, and from opening more EG foodservice concessions at Asda supermarket stores. The brothers and TDR also own Asda.

EG plans to open 30 Cooplands outlets a year and at least 50 LEON outlets a year through 2026

It said new jobs will also come from accelerating openings at existing third-party brand partners, notably Starbucks and KFC, including drive-thrus on the group’s UK forecourts and in Asda carparks.

The group, chaired by Stuart Rose, the former boss of Marks & Spencer, has previously been linked with a possible initial public offering (IPO) or a trade sale.

It currently operates from over 6,300 sites, employing more than 50,000.

EG also said it had increased hourly pay for UK staff, aged 18 and over, to 10.05 pounds ($13.10) an hour.

Related Shares

More News
1 Jun 2024 13:58

DIRECTOR DEALINGS: Coca-Cola HBC, M&S and Elementis execs sell shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately...

31 May 2024 08:00

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ *

29 May 2024 17:54

IN BRIEF: M&S taps Rightmove's Dolan as next finance chief

Marks & Spencer Group PLC- London-based retailer - Says Alison Dolan will be its new chief financial officer. Interim CFO Jeremy Townsend will remain ...

29 May 2024 17:50

Marks & Spencer appoints Alison Dolan as CFO

(Sharecast News) - Marks and Spencer said on Wednesday that it has appointed Alison Dolan as its new chief financial officer.

28 May 2024 12:22

LONDON MARKET MIDDAY: FTSE 100 falters ahead of incoming US data

(Alliance News) - Stock prices in London were predominantly higher at midday on Tuesday, though the FTSE 100 remained in the red, ahead of data from t...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.