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March 12, 2020

EG Group acquires KFC franchisee in UK and Ireland

British convenience retail operator EG Group has acquired The Herbert Group, one of the largest KFC franchisees in the UK and Ireland.

British convenience retail operator EG Group has acquired The Herbert Group, one of the largest KFC franchisees in the UK and Ireland.

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The financial details of the acquisition were not disclosed.

The transaction includes the ownership transfer of 146 KFC restaurants and one Pizza Hut Store. EG Group also acquired Herbert Group’s development pipeline and some non-trading sites.

As agreed, approximately 4,000 Herbert Group’s employees will be transferred to the new company.

EG Group founder and co-CEO Zuber Issa said: “Securing The Herbert Group portfolio is well aligned to our long-term strategic growth plans and builds on our commitment to grow the EG Group’s presence in the food-to-go retail convenience segment.

“The Herbert Group portfolio is a great strategic addition and complements our expanding operations in the United Kingdom and, furthermore, now allows us entry into the Irish market.”

The Herbert Group was owned by Michael and Lesley Herbert, who jointly built the franchise over the last 40 years.

With the acquisition, EG Group now operates more than 1,500 food-to-go retail concessions in ten markets.

KFC UK and Ireland general manager Paula McKenzie said: “We are pleased that EG Group has acquired these restaurants. It shows confidence in investing in KFC and comes at an exciting time for our brand, off the back of unprecedented sales growth in 2020 so far.

“The acquisition demonstrates EG Group’s ability to be a partner of choice and we are looking forward to supporting them as they unlock further investment and growth in the years ahead.”

Overall, KFC has more than 900 restaurants across the UK and Ireland.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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