Egyptian Distribution Group
The Egyptian Distribution Group (a.k.a. Edge[1]) is a supermarket chain in Egypt.[2] It is headquartered in Giza, Egypt's third largest city.[2]
History
[edit]The company is chaired by Egyptian businessman Amr el-Nasharty.[3] It was formerly a subsidiary of Sainsbury's,[2] as Sainsbury's acquired 25% in March 2009 and 80% by December 2009.[3] However, they sold their stake back to Nasharty in 2001.[3]
References
[edit]- ^ Deidre Hipwell, How Sainsbury’s Egyptian adventure turned into a pyramid of trouble, The Times, 29 April 2015
- ^ a b c Egyptian distribution Group S.A.E, Bloomberg Business
- ^ a b c Jessica Morris, Sainsbury's vs Egypt: The four key numbers behind Mike Coupe's legal row, City A.M., 29 April 2015
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