BEVERLY, Massachusetts (May 31, 2018) – Leading European convenience store operator and fuel provider EG Group is using the proprietary NexxHub™ Scan Based Trading platform by Nexxus Group® across EG Group’s recent acquisitions in the United States.
EG Group, based in Blackburn, Lancashire UK, is Nexxus Group’s latest European client. The company acted quickly when Kroger began shopping its convenience store division earlier this year and entered into a definitive agreement with Kroger on Feb. 5. The $2.15 billion acquisition was completed in late April.
“We look forward to building upon the great relationships we have had over the years with the Kroger Convenience brands and the potential to expand our SBT platform in new ways through our partnership with EG Group,” says Russ Fant, Nexxus Group president.
Established in 2001, EG Group will continue to operate 762 stores under their existing brand names – Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quick Stop. The extensive network covers 18 states and employs more than 11,000 associates. EG Group will establish North American headquarters in Cincinnati, OH.
EG Group founder and co-CEO Mohsin Issa explained the decision to purchase the Kroger assets in a post on the company web site.
“This announcement represents another momentous chapter in the enterprise journey for EG Group. We now look forward to working with our exceptional US management team and begin to invest in the network in the coming months. Given the spatial spread across the USA, nurturing the right strategic brand partnerships for the respective market regions is going to be an important strategy focus in North America,” Issa said.
EG Group is regarded as one of Europe’s premier c-store operators and fuel providers. Issa and his brother Zuber Issa were jointly named the 2016 NACS Insight European Convenience Industry Leader of the Year.
About EG Group
EG Group is a leading European fuel provider and retail convenience operator. The company employs over 26,000 staff working at more than 4,600 sites in the United Kingdom, France, The Netherlands, Belgium, Luxembourg, Italy and the USA. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true ‘one-stop’ retail destination to satisfy multiple consumer missions. The business is regularly recognized for innovation and investment in convenience retail assets.
For more information, visit: http://www.eurogarages.com.
About Nexxus Group®
Established in 2003, The Nexxus Group is the industry’s leading full-service Scan Based Trading (SBT) provider. Our NexxHub™ platform provides state-of-the-art features and analysis to manage your SBT business, enhancing our industry standard services for a network of 71,000 locations for more than 90 retailers and more than 6,500 distributors and manufacturers in the United States, Canada and Puerto Rico. We deliver innovative, cost effective SBT solutions for the Number One market leaders in grocery, mass merchant, drug, convenience, discount, airport and coffee as well as national CPG suppliers. We support retailers, distributors and manufacturing partners in categories such as bakery, dairy, propane, flowers, snacks, novelties, magazines, books and newspapers.
For more information visit The Nexxus Group
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