EG Group

Corporate brand

EG Group is a multinational operator of fuel stations, convenience stores, roadside services and franchised food outlets.

Last updated October 16, 2026

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Overview

EG Group is an American-British multinational operator of fuel stations, convenience stores, roadside services and franchised food outlets. The business began in 2001 when brothers Mohsin Issa and Zuber Issa bought a BP forecourt in Bury, Greater Manchester. Initially known as Euro Garages, it expanded by acquiring petrol stations from oil companies and adding convenience retail, coffee, restaurants and other services to traditional forecourts. Its early growth combined acquisitions with partnerships and franchise agreements. The company added Subway concessions in 2006, developed relationships with Shell, Texaco, Spar and Costcutter, and acquired its first motorway service area in 2009. Starbucks and Burger King franchise agreements followed in 2010, while a series of Esso and Shell forecourt acquisitions between 2013 and 2015 significantly increased its British estate. The business also experimented with roadside food and hospitality formats, including conversions of former Little Chef locations and the development of lodge accommodation. TDR Capital acquired a minority interest in Euro Garages in 2015. In 2016, Euro Garages merged with TDR's European Forecourt Retail business, creating a larger group initially known as Intervias Group and later renamed EG Group. The enlarged company pursued rapid international expansion through acquisitions in continental Europe, Australia and the United States. Major transactions included Esso networks in Germany and Italy, Woolworths' Australian fuel and convenience estate, Kroger's convenience stores in the United States, Minit Mart, Fastrac and Cumberland Farms. EG Group's operating model combines fuel retail with higher-margin convenience products and branded food-to-go. Its locations have hosted franchises and concessions from brands including Starbucks, Burger King, KFC, Subway, Greggs, Krispy Kreme, Cinnabon and Sbarro. The group also acquired Leon Restaurants and Cooplands, expanding beyond forecourts into restaurant and bakery operations. Its purchase of Asda with TDR Capital and the Issa brothers in 2020 further connected EG's forecourt strategy with supermarket convenience formats such as Asda on the Move and Asda Express. The acquisition-led strategy was substantially debt funded. By 2023, reported debt had approached £8 billion, prompting asset sales, sale-and-leaseback transactions and a restructuring of the group's geographic footprint. In 2023, most of the British forecourt business was transferred to Asda, while EG sold American properties in a transaction with Realty Income. EG later sold its UK and Ireland KFC restaurants to Yum! Brands and separated much of its remaining British estate into EG On The Move. French, Italian and Australian operations were also reported as being divested during the subsequent restructuring. Following these disposals, EG Group's remaining activities have centered primarily on its United States business and a reduced set of British operations, including Starbucks franchises and, for part of the period, Cooplands and Evpoint. The group has considered alternative ownership and financing options, including a possible US public offering and a potential sale of its American operations. Its later corporate structure and exact asset base remain subject to continuing transactions and therefore warrant periodic review.

History

EG Group originated in March 2001 when Mohsin and Zuber Issa purchased a BP petrol station in Bury, Greater Manchester, for £150,000. Trading as Euro Garages, the company quickly acquired additional forecourts and built a regional network across northern England and the Midlands. Rather than treating petrol retail as its sole business, it added convenience products, branded coffee and food, and partnerships with supermarket and fuel brands. The company introduced Subway concessions in 2006 and formed partnerships with Shell, Texaco, Spar and Costcutter by 2007. By 2009 it operated 73 sites and had acquired Rivington motorway services, where it invested in refurbishment. Coffee Nation equipment, Starbucks franchising and Burger King franchising broadened the food and beverage proposition. Between 2013 and 2015, Euro Garages acquired substantial Esso and Shell forecourt portfolios, making it one of Britain's largest independent operators. TDR Capital took a minority stake in October 2015. In 2016, Euro Garages merged with TDR's European Forecourt Retail Group, creating Intervias Group with operations in the United Kingdom, France, the Netherlands, Belgium and Luxembourg. The group adopted the EG Group name as its international expansion accelerated. It acquired Little Chef properties, German Esso stations, Italian and Dutch sites, and American convenience-store networks. The 2018 acquisition of Kroger convenience stores and the purchase of Woolworths' Australian fuel and convenience sites in 2019 were among its most significant international transactions. EG expanded its food and hospitality portfolio during this period. It converted former Little Chef sites into franchised locations, created EG Diner after the Little Chef licensing arrangement ended, opened lodge accommodation at selected service areas, and added KFC, Krispy Kreme, Cinnabon, Greggs, Leon and Cooplands to its wider brand portfolio. In 2020, the Issa brothers and TDR Capital acquired Asda, leading to cooperation between EG and Asda on smaller-format convenience stores and forecourt locations. The group’s acquisition program relied heavily on debt. As its obligations increased, management began reshaping the portfolio. In 2023, EG sold and leased back 415 US convenience stores to Realty Income and transferred most of its British forecourt operations to Asda. The business subsequently sold its UK and Ireland KFC restaurants to Yum! Brands and moved much of the remaining UK forecourt estate into EG On The Move. French, Italian and Australian operations were also placed into divestment processes. The restructuring reduced EG Group's geographic and operational scope. Reported remaining activities included a US convenience-store business and selected British businesses such as Starbucks franchises, Evpoint and, until its later divestment, Cooplands. The company has also considered a public offering in the United States or a sale of its US operations. Because several disposals and proposed transactions have occurred in close succession, the group's current ownership, headquarters and operating footprint should be checked against the latest corporate disclosures.

2024
KFC UK and Ireland business sold
[1]EG Groupen.wikipedia.org
EG completed the sale of 218 KFC restaurants to Yum! Brands.
2023
Restructuring began
[1]EG Groupen.wikipedia.org
EG sold and leased back US stores and transferred most of its UK forecourt business to Asda.
2020
Asda acquired
[1]EG Groupen.wikipedia.org
Mohsin and Zuber Issa and TDR Capital acquired Asda from Walmart.
2019
Woolworths fuel network acquired
[1]EG Groupen.wikipedia.org
EG agreed to buy Woolworths' Australian fuel and convenience-store network.
2018
US expansion accelerated
[1]EG Groupen.wikipedia.org
EG agreed to acquire Kroger convenience stores and completed the purchase of Minit Mart sites.
2016
Intervias Group created
[1]EG Groupen.wikipedia.org
Euro Garages merged with TDR's European Forecourt Retail business.
2015
TDR Capital investment
[1]EG Groupen.wikipedia.org
TDR Capital acquired a minority stake in Euro Garages.
2013
Major Esso acquisition
[1]EG Groupen.wikipedia.org
Euro Garages acquired 45 Esso stations in northern England and Wales.
2006
First Subway concessions introduced
[1]EG Groupen.wikipedia.org
The company began adding Subway food concessions to its forecourt network.
2001
Euro Garages founded
[1]EG Groupen.wikipedia.org
Mohsin and Zuber Issa bought a BP forecourt in Bury, establishing the business that became EG Group.

Products and positioning

A large-scale, acquisition-driven forecourt and convenience operator that seeks to increase the retail and food-to-go value of fuel stations through multi-brand formats, franchise partnerships and roadside services.

Fuel retail · 2001
Forecourt fuel retail
Fuel stations are the foundation of EG Group's business. Sites typically combine branded or independently operated fuel pumps with convenience retail, car-related services and, at larger locations, restaurants or motorway-service facilities.
Convenience retail · 2007
Convenience stores
EG convenience outlets sell groceries, drinks, tobacco, snacks and other everyday items alongside fuel. The group has used partnerships with Spar, Costcutter, Sainsbury's and Asda to develop different retail formats across its markets.
Food service · 2006
Franchised food and beverage
Food-to-go and restaurant franchises have been central to EG's strategy. Its sites have hosted Starbucks, Burger King, Subway, KFC, Greggs, Krispy Kreme, Cinnabon, Sbarro and other branded concepts, although several operations were later sold or transferred.
Roadside services · 2009
Motorway services and lodges
The group has operated selected motorway service areas and roadside accommodation sites, including Rivington Services and lodge formats. These locations extend the forecourt proposition with longer-dwell facilities and hospitality services.
Bakery retail · 2021
Cooplands
Cooplands is a British bakery business acquired by EG in 2021. It operated mainly in northeast England and Yorkshire and represented one of EG's expansions beyond fuel and convenience retail before its reported later divestment.

Controversies

2025
UK worker underpayment
EG Group was fined after an investigation found that 3,317 workers had been underpaid a combined £824,000 over a period from 2015 to 2019. The company said the problem had been rectified and affected employees repaid.
Source

2020Asda on the Move
United Kingdom
Following the Asda acquisition, EG and Asda developed a smaller-format convenience proposition for selected forecourts and roadside locations. The concept formed part of the later integration and transfer of much of EG's UK forecourt business to Asda.
Outcome. The concept formed part of the later integration and transfer of much of EG's UK forecourt business to Asda.
Source
2020Cinnabon UK rollout
United Kingdom
EG announced plans to open a substantial number of Cinnabon bakery outlets across its UK estate. The UK Cinnabon franchise was among the assets associated with EG's later UK restructuring.
Outcome. The UK Cinnabon franchise was among the assets associated with EG's later UK restructuring.
Source

Brand decisions

2024
Sell KFC UK and Ireland restaurantsM&A
Background
EG Group was reducing its operating complexity and exiting the Irish market.
Action taken
EG sold 218 KFC restaurants to Yum! Brands.
Aftermath
EG exited direct operation of those KFC restaurants and its Irish business.
Source
2023
Begin debt-reduction restructuringStrategy
Background
Rapid acquisition-led expansion had left EG Group with substantial debt obligations.
Action taken
The group used asset sales, a US sale-and-leaseback and the transfer of most UK forecourts to reduce leverage and simplify the portfolio.
Aftermath
EG became more focused on its US operations and a smaller set of British assets.
Reported group debt. Almost £8 billion (2023)
Source
2020
Acquire AsdaM&A
Background
The Issa brothers and TDR Capital pursued the acquisition of Asda after Walmart decided to sell the British supermarket business.
Action taken
The consortium agreed to acquire Asda and develop cooperation between Asda and EG's convenience estate.
Aftermath
The transaction led to Asda-related forecourt formats and ultimately the transfer of most EG UK forecourt assets to Asda.
Acquisition price. £6.8 billion (2020)
Source
2016
Merge with European Forecourt RetailM&A
Background
The parties sought to create a larger European forecourt operator.
Action taken
Euro Garages merged with TDR's European Forecourt Retail Group, creating Intervias Group.
Aftermath
The enlarged business was later renamed EG Group and expanded into further international markets.
Source
2015
Accept minority investment from TDR CapitalM&A
Background
Euro Garages needed capital and institutional support for continued acquisition-led expansion.
Action taken
TDR Capital acquired a minority stake in the company.
Aftermath
The investment preceded the 2016 combination with TDR's European Forecourt Retail business.
Source

Recent events

2024
EG Group completed the sale of its UK and Ireland KFC restaurants[1]EG Groupen.wikipedia.org
M&A
The group sold 218 KFC restaurants to Yum! Brands, ending its direct operation of those restaurants and its Irish presence.
2023
EG Group sold most UK forecourt operations to Asda[1]EG Groupen.wikipedia.org
M&A
Most of EG Group's UK business was transferred to Asda and integrated into formats including Asda Express and Asda on the Move.
2020
Issa brothers and TDR Capital acquired Asda[1]EG Groupen.wikipedia.org
M&A
The consortium acquired Asda from Walmart, linking EG's forecourt network with a major UK supermarket business.
2019
EG Group agreed to acquire Cumberland Farms[1]EG Groupen.wikipedia.org
M&A
The group entered an agreement to purchase the American convenience-store chain Cumberland Farms, expanding its US footprint.
2018
EG Group acquired Kroger convenience stores[1]EG Groupen.wikipedia.org
M&A
EG Group announced an agreement to acquire nearly 800 Kroger convenience stores in the United States.

Sources10 sources

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