Retail News CRM

Tag: Ampol

  • Eg Group Eyes Billion-dollar Divestment Of Australian Service Station Network

    Eg Group Eyes Billion-dollar Divestment Of Australian Service Station Network

    EG Group Plans to Divest Australian Service Station Network

    UK-based EG Group is planning to divest its EG Ampol service station network in Australia. Ampol, EG Group’s wholesale supplier, is considered the most likely purchaser.

    EG Group acquired 540 fuel convenience sites from Woolworths in April 2019 for $1.73 billion. The company is now reportedly looking to sell its Australian division to mitigate losses and withdraw from the marketplace.

    Insiders report that EG Group and its advisors are in confidential discussions with prospective buyers regarding a sale valued at over $1 billion.

    Ampol as the Probable Buyer

    Ampol, EG Group’s wholesale supplier, has surfaced as the possible buyer, given that the service station chain bears its name. Ampol has been delivering fuel to the business under a long-standing commercial agreement dating back to the time when Woolworths was the proprietor.

    Over the years, Ampol has made several acquisitions, including Milemaker in Melbourne, Gull NZ, SeaOil and Z-Energy in New Zealand.

    EG Ampol’s Performance

    As of the end of the previous year, EG Ampol had 517 locations. Its annual sales had fallen 6.4% to $4.24 billion.

    EG Group has shut down marginally profitable or loss-making sites. The retail fuel volumes industry-wide have also witnessed a decline as more drivers shift towards hybrid or electric vehicles.

    Another significant player in the sector is Viva Energy, which acquired fuel and convenience store chain operator OTR Group for $1.22 billion last year.

    Questions & Answers

    What is EG Group planning for its EG Ampol service station network?
    EG Group is reported to be planning to sell its EG Ampol service station network in Australia.

    Who is the most likely purchaser of this network?
    Ampol, EG Group’s wholesale supplier, is considered the most likely purchaser of the network.

    What has been the impact on the retail fuel volumes industry-wide?
    The retail fuel volumes have declined across the industry as more motorists shift towards hybrid or electric vehicles.

  • Snickers unveils Creamy Peanut Butter bar in Australia

    Snickers unveils Creamy Peanut Butter bar in Australia

    Snickers has released its limited-edition Snickers Creamy Peanut Butter bar in Australia for the first time.

    The Snickers Creamy Peanut Butter bar is made with real peanut butter, silky smooth caramel and fresh ground peanuts, enrobed in the rich Snickers chocolate.

    Mars Wrigley Australia Marketing Director Ben Hill says the variation has been a smash hit overseas, and he’s excited for Australians to finally get their hands on the product.

    “We know how much our customers love the classic Snickers bar, with its satisfying layers of nougat, caramel, and the signature peanut crunch,” he says.

    “Now, thanks to this innovation in texture, our fans can get Snickers satisfaction in both crunchy and smooth – something that is sure to delight peanut butter fans of all kinds.”

    Snickers Creamy Peanut Butter is available in a 36g twin pack for RRP $2 from leading retailers including Woolworths, Coles, Metcash, 7 Eleven, Coles Express, BP, Ampol, ALDI and Big W.

    Lees ook: