Zuber and Mohsin Issa A HEALTHY APPETITE FOR GROWTH
Blackburn headquartered EG Group has unveiled a five-year expansion plan which will create 32,000 jobs around the globe.
In the UK, the group will add some of the brands it owns, including baker chain Cooplands and natural fast food chain Leon, to its forecourt network and EG foodservice concessions at Asda supermarkets. It has plans to open other sites.
The group says it will also accelerate the opening of new sites with its third-party brand partners, including Starbucks and KFC, including ‘drive-thrus’ on the group’s UK forecourts and on Asda car parks.
Almost 23,000 of the total number of jobs will be based in the UK, including new roles at its Lancashire headquarters where it currently employs about 900.
Around 9,700 new vacancies will also come from organic growth in EG’s nine additional markets: Ireland, France, Italy, Germany, Belgium, the Netherlands, Luxembourg, Australia and the USA.
The announcement follows the publication of EG Group’s unaudited FY21 results in March,
Frankly speaking
A PRAGMATIC APPROACH TO ENERGY COSTS by Frank McKenna
Downtown Lancashire in Business
I was the lead politician responsible for the publication of the country’s first ‘Green Audit’ back in 1998, when I was deputy leader of Lancashire County Council.
We had commissioned what, at the time, was an innovative piece of comprehensive research looking at growing concerns over climate change.
All of the challenges that are commonly known about today were highlighted in the audit – and so I cannot be described by any serious person as a climate change denier.
However, I am a pragmatist. As such, I think the net zero and energy policy approach adopted by the government needs to be reviewed.
On the back of Brexit, a pandemic, and now the first major European war in more
than 70 years, not to mention the cost-of-living squeeze, the transition from traditional energy sources to alternatives has to be reconfigured, the timelines tweaked.
If a Labour mayor, Andy Burnham, can see the sense in delaying the introduction of stealth taxes at this time - he has postponed plans to introduce a clean air zone in Greater Manchester - then surely a Tory government can see the case for cutting VAT on fuel bills (a Brexit bonus), and suspending the ‘green levy’ on energy costs.
All sane people want a more planet-friendly energy policy. But we don’t want people falling into abject poverty, businesses going bust, and the economy taking yet another hammer blow to get there.
LANCASHIREBUSINESSVIEW.CO.UK
when the group reported a 16.3 per cent increase in adjusted EBITDA to $1.451bn.
EG Group was founded by Blackburn brothers Mohsin and Zuber Issa. From just one petrol station in Bury, they have built the group into a global convenience retailer.
In a statement they said: “As EG continues to go from strength to strength, we will be creating a large number of new jobs over the coming years, particularly in our successful foodservice business - which remains a significant growth opportunity globally.
“We are proud to be a business founded in Britain that invests in job creation worldwide, while focusing heavily on the training and development of colleagues.
“EG has a strong track record of providing colleagues with long-term opportunities to progress their career at all levels - and we are passionate about continuing this.”
Last year the brothers partnered with Private Equity firm TDR Capital to acquire UK grocery giant Asda in a deal worth £6.8bn.
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