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America growth opportunity and where EG needs to have its lead executives based.”
As he transitions, Russ is drawing on the support of previous CEO John Carey, who is becoming a group senior adviser.“ EG Group is well-positioned for further success, and I look forward to delivering on our attractive growth opportunities and a strong financial performance moving forward,” commented Russ at the time of the announcement.
Growth story
The timeline of EG Group’ s evolution in America comprises bold strategic investments. It first entered the US market in 2018, with a definitive agreement to purchase The Kroger Co.’ s 762-site network, at a consideration of $ 2.15 billion. As part of the transaction, EG Group established its North American headquarters in Cincinnati, Ohio, under the name EG America( the HQ subsequently moved to Westborough, Massachusetts in 2019). This deal added the brands Turkey Hill, Loaf‘ N Jug, Kwik Shop, Tom Thumb and Quik Stop to the estate, and EG America continues to operate stores under their established banner names.
Later that same year further stores were added to EG America – this time 225 Minit Mart branded convenience retail stores and
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