EG heads across the Atlantic

Global retail giant EG Group is moving its headquarters from Blackburn to America.

The forecourt and convenience store business, founded by the billionaire Issa brothers, has revealed its “continued transition to a US-managed organisation.”

As part of that transition its group headquarters will be relocated to Charlotte in North Carolina where key financial, legal and other corporate personnel will be based.

In parallel with that work, the group’s European Share Service Centre is also being moved down the A666 to Bolton.

The bombshell moves, which the business says will “drive its next phase of growth”, were revealed in a trading update for the second quarter of 2025.

EG Group has been based in Zuber and Mohsin Issa’s home town for almost a quarter of a century as the brothers worked to turn it into a global business.

Their business empire began back in 2001 when they bought a run-down petrol station close to Bury town centre. EG Group’s current Waterside headquarters in Blackburn opened in 2020 and cost £35m to build.

In its statement it said the move to Bolton would retain its North West roots “while ensuring its office footprint reflects EG Group’s reduced presence in the UK and Europe.”

The focus on the US was also highlighted with recent top-level appointments. New group chief finance office Mark Segal has 35 years’ experience at leading public and private companies in North America.

New independent non-executive director Steve Desutter is a former chief executive of a major convenience store change in the southwestern US.

And the group is now led by New York City-based Russ Colaco, who took over the role of chief executive from Mohsin in April.

In the trading statement he said: “We delivered a solid performance in the second quarter as we continued to make sustained progress with our ambitious strategy.”