EG Group outlines growth strategy in the U.S.

The company aims to expand its presence across the country at the same time it completes a $1.5 billion sale-leaseback deal with Realty Income Corporation.

The EG Group recently published its first-quarter trading update, outlining several growth opportunities after its acquisition by Asda. Apart from eyeing the UK's rapid charging market, the company specified how it will continue to operate its portfolio of retail brands across the United States.

The retailer specified its intention to keep developing the Cumberland Farms branch in the country. EG hopes that it can expand the brand’s coffee, private label products and SmartPay rewards platform to the rest of its 1,700-store network.

Nevertheless, the firm still needs to complete a $1.5 billion sale-leaseback deal with Realty Income Corporation, which includes some Cumberland Farms locations. EG Group has stated that it will evaluate new sites as it continues to rebrand existing ones, prioritizing locations that are well-suited for foodservice and electric vehicle charging.

The company said that it aims to create “a strong U.S. identity” in its update. In addition, a new president for the U.S. division is set to be named in the near future to lead this expansion.

Currently, EG America operates brands such as Turkey Hill, Certified Oil, Quik Stop, Fastrac, Tom Thumb, Loaf ’N Jug, Kwik Shop, Sprint and MinitMart across 30 states.