• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    Stepping into the Spotlight for 2021

    The Independent Beauty Association Supports Sensible Reform

    Essential Workers

    A Clean Commitment

    Deliver & Delight
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Associations Congratulate Biden & Harris

    David Stanko Joins JPMS

    Ross Introduces Double Cone Tumble Blender

    Colonial Chemical Announces New Facility

    Ashland Acquires Schülke & Mayr's Personal Care Business
    Blog
    Online Exclusives
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    27. Jafra

    10. Lion

    22. Tupperware

    4. Estée Lauder

    12. Natura
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    Associations Congratulate Biden & Harris

    Ashland Acquires Schülke & Mayr's Personal Care Business

    FDA Issues New Guidance On Pharmaceutical Alcohol

    No7 Adds At-Home Resurfacing Peel

    A Surge in Interest for Supplements & Vitamins
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    David Stanko Joins JPMS

    Ashland Acquires Schülke & Mayr's Personal Care Business

    FDA Issues New Guidance On Pharmaceutical Alcohol

    State Announces First SARS-CoV-2 Kill Claim

    No7 Adds At-Home Resurfacing Peel
    Lab Equipment
    Mixing
    Packaging
    Testing

    Ross Introduces Double Cone Tumble Blender

    Happi Talks: Overnight Labels

    Three Form Vertical Beauty Alliance

    Logo Design Trends for 2021 & Beyond

    Coming Clean About Stink
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Sabinsa Cosmetics, a division of Sabinsa Corporation

    Ashland

    Praan Naturals

    Centerchem Inc

    Jeen International
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Videos
    • Podcasts
    • eBook
    • Infographics
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    A Matter of Convenience

    EG Group buys Kroger unit.

    A Matter of Convenience
    Related CONTENT
    • LeBaronBrown Takes Stake in AIC
    • LeBaron Brown Buys AIC
    • Beautycounter Gains Investors
    • Marchesini Group USA Inc.
    • Estée Lauder Companies’ Sales Rise 5%
    02.05.18
    The Kroger Co. and EG Group, a privately-held petrol forecourt convenience store retailer based in Blackburn, Lancashire, United Kingdom, today announced a definitive agreement for the sale of Kroger's convenience store business unit to EG Group for $2.15 billion. The companies expect to close the transaction during the first quarter of Kroger's fiscal year.


    As part of the agreement, EG Group will establish their North American headquarters in Cincinnati, Ohio and continue to operate stores under their established banner names.  Kroger announced in October 2017 its intention to explore strategic alternatives for its convenience store business, including a potential sale, in conjunction with Restock Kroger.


    "Our convenience store business has been a part of our company for many years. We want to thank our management team and associates for their enduring commitment to our customers, and for the contributions they have made to build our supermarket fuel business," said Mike Schlotman, Kroger's executive vice president and chief financial officer. "As part of our regular review of assets, it has become clear that our strong convenience store business unit will better meet its full potential outside of our business."


    "One of the most important considerations in our decision-making process was continued operations to ensure minimal disruption to our associates. We are very pleased the EG Group plans to establish their North American headquarters in Cincinnati. EG Group is also a recognized international petrol forecourt convenience operator and they have a commercial model which clearly looks to enhance the consumer offer by working with leading retail brands customers know and trust," said Mr. Schlotman. "This is good for our associates across the country and for our headquarter city of Cincinnati. Throughout the process we were impressed with the EG Group's professionalism, investment commitment and more importantly their understanding of the US convenience retail market. We now look forward to working with them closely to ensure a smooth transition for associates."


    Mohsin Issa, EG Group Founder and co-CEO expressed "This is an exciting time for EG Group, the entry into the US market presents a fantastic opportunity to deliver a successful retail offer to consumers across the various states. We have had much success across Europe and we firmly believe the Kroger assets present a fantastic foundation to overlay our retail experience and know-how in the US. We are committed to investing in the Kroger network, partnering with leading retail brands and working with the exceptional management team and associates transferring across to deliver a comprehensive retail offer."


    "Our business model is simple but effective – EG Group is creating a stronger relationship between consumers and leading retail brands they want to access. In the US we aim to create a retail environment which delivers convenience, provides value and serves as a retail destination offering excellent welfare to motorists who live and work near our petrol forecourt convenience retail  stores," added Zuber Issa, EG Group Founder and co-CEO.


    Kroger plans to use net proceeds from the sale to repurchase shares and to lower its net total debt to adjusted EBITDA ratio.


    Kroger's convenience store business operates in 18 states.  It includes 66 franchise operations.  The stores employ 11,000 associates and operate under the following banner names: Turkey Hill, Loaf 'N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger's convenience store business generated revenue of $4 billion, including selling 1.2 billion gallons of fuel, in 2016.
    Kroger's supermarket fuel centers and its Turkey Hill Dairy are not included in the sale.



    Related Searches
    • stores
    • customers
    • financial
    • convenience
    Related Knowledge Center
    • OTC/Medicated
    Suggested For You
    LeBaronBrown  Takes Stake in AIC LeBaronBrown Takes Stake in AIC
    LeBaron Brown Buys AIC LeBaron Brown Buys AIC
    Beautycounter Gains Investors Beautycounter Gains Investors
    Marchesini Group USA Inc. Marchesini Group USA Inc.
    Estée Lauder Companies’  Sales Rise 5% Estée Lauder Companies’ Sales Rise 5%
    Eurazeo Invests in Nest Fragrance Eurazeo Invests in Nest Fragrance
    New Director of Sales at Presperse New Director of Sales at Presperse
    Canfield Showcases Beauty Solutions Canfield Showcases Beauty Solutions
    Peltz Misses Cut as P&G Re-Elects Board Peltz Misses Cut as P&G Re-Elects Board
    L’Oréal USA Names Kingston As CIO L’Oréal USA Names Kingston As CIO
    Holiday Sales To Jump 4% Holiday Sales To Jump 4%
    Charkit and Sanat Expand Alliance Charkit and Sanat Expand Alliance
    Summer and Back-To-School Spending Summer and Back-To-School Spending
    Brick-and-Mortar Retailing Reinvented Brick-and-Mortar Retailing Reinvented
    Target Names Executive VP Target Names Executive VP

    Related Breaking News

    • Actives | OTC/Medicated | Skin Care
      Isosorbide Di-(Linoleate/Oleate) Treats Xerotic Pruritic Skin

      Isosorbide Di-(Linoleate/Oleate) Treats Xerotic Pruritic Skin

      Sytheon publishes study in the Journal of Investigative Dermatology.
      Happi Staff 01.14.21

    • OTC/Medicated | Skin Care
      Minority Investment for Hero Cosmetics

      Minority Investment for Hero Cosmetics

      Fast-growing acne patch maker's first outside capital.
      Happi Staff 01.12.21

    • OTC/Medicated
      The Next Normal

      The Next Normal

      Trends to watch post-COVID, according to McKinsey.
      Happi Staff 01.10.21


    • OTC/Medicated | Skin Care

      Topical Homeopathic Formulation

      Actives portion of this formulation contains Arnica Montana and myriad materials.
      Happi Staff 12.31.20

    • Actives | Functional Ingredients | OTC/Medicated | Skin Care | Sun Care
      J&J Seeks Black Innovators in Skin Care

      J&J Seeks Black Innovators in Skin Care

      Johnson & Johnson issues QuickFire Challenge
      Happi Staff 12.01.20

    • OTC/Medicated

      Topical Pain Relief

      Connecticut company patents transdermal ibuprofen composition.
      11.25.20


    • OTC/Medicated
      NAD Rules on Kerasal Fungal Nail Treatment

      NAD Rules on Kerasal Fungal Nail Treatment

      Supports discoloration claim, recommends discontinuing others.
      Happi Staff 11.04.20

    • OTC/Medicated | Skin Care
      Skin of Color Society To Address Racism in Medicine

      Skin of Color Society To Address Racism in Medicine

      Co-hosting new webinar series with NEJM and VisualDx.
      Happi Staff 10.21.20

    • OTC/Medicated | Skin Care
      Hacking Dermatology Innovation Challenge

      Hacking Dermatology Innovation Challenge

      Concerns of patients with skin of color is focus of this year's grant competition.
      Happi Staff 10.13.20


    • OTC/Medicated | Skin Care
      CBD Topicals: $4.5 Billion by 2025

      CBD Topicals: $4.5 Billion by 2025

      New report details marketplace that’s growing exponentially.
      Happi Staff 10.08.20

    • Color Cosmetics | OTC/Medicated | Personal Cleansers | Skin Care
      Not So Blue...

      Not So Blue...

      Color cosmetics sales are firming up.
      Happi Staff 10.03.20

    • Actives | Functional Ingredients | OTC/Medicated | Skin Care
      WWP Beauty Launches Personal Protection Line

      WWP Beauty Launches Personal Protection Line

      Moisturizing hand sanitizers in three different formats.
      Happi Staff 09.14.20


    • OTC/Medicated | Skin Care
      Venerable Oxy Brand Expands

      Venerable Oxy Brand Expands

      New acne care products are designed for all ages and skin types.
      Happi Staff 09.11.20

    • Color Cosmetics | Hair Care | OTC/Medicated | Personal Cleansers | Skin Care | Testing
      Validated Claim Support Completes FDA Inspection

      Validated Claim Support Completes FDA Inspection

      A successful three-day, onsite inspection with the Agency.
      Happi Staff 08.24.20

    • Actives | AP/Deo | Functional Ingredients | OTC/Medicated | Skin Care
      A New Boys Club

      A New Boys Club

      A grooming line for guys just hitting puberty.
      Happi Staff 08.23.20

    Trending
    • Nu Skin Launches ‘Clean’ Formula Line
    • L'Oréal Bans Animal Hair In Brushes
    • Honest, Refillable Cleaners
    • Formulating Liquid Laundry Detergents
    • P&G, L'Oréal & Amorepacific Make News At CES
    Breaking News
    • Associations Congratulate Biden & Harris
    • David Stanko Joins JPMS
    • Ross Introduces Double Cone Tumble Blender
    • Colonial Chemical Announces New Facility
    • Ashland Acquires Schülke & Mayr's Personal Care Business
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Stepping into the Spotlight for 2021
    • The Independent Beauty Association Supports Sensible Reform
    • Essential Workers
    • A Clean Commitment
    • Deliver & Delight
    • Reusables for Consumables In the Pandemic and Beyond
    • A Rebound for Beauty
    • Beauty Brands Must Prepare for a 'Decade of the Home'
    • A Societal Shift
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Ingredient Manufacturers Discuss the E-Sports Market
    Euromonitor Names Top Ten Trends for 2021
    Study Highlights Differences Between EPA's and DHA's Effect on Sleep
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Eitan Medical Receives FDA Clearance for Sapphire Infusion System
    Researchers Successfully ‘Fine Tune’ New Thermoplastic Biomaterial
    RSIP Vision Announces Versatile Medical Image Segmentation Tool
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Global Biosciences Co. Selects ValGenesis VLMS
    Eisai Appoints Chief Clinical Officer of Oncology Biz
    Nexelis Acquires GSK Vax Lab in Marburg
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Top Beauty Brands in the World—And Most Loved Fragrances
    P&G Reports Q2 Results
    A Lacquering Technique Makes Very Good Girl by Carolina Herrera Shine
    Happi

    Latest Breaking News From Happi

    Flow Launches Collagen Waters
    Associations Congratulate Biden & Harris
    David Stanko Joins JPMS
    Ink World

    Latest Breaking News From Ink World

    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino grows installation and service teams
    ABG keeps pace with demand with recruitment drive
    Acucote expands FSC-certified portfolio
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    First Quality Launches Incognito by Prevail
    Essity Launches Reusable Underwear Product
    Honeywell Delivered 225 Million Masks in December
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    DJO Acquires Trilliant Surgical
    FDA Breakthrough Device Designation Granted to Spiderwort's Spinal Cord Technology
    Bioventus Appoints SVP of Operations
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login