Egyptian Distribution Group
{{Short description|Supermarket chain in Egypt}}
The Egyptian Distribution Group (a.k.a. EdgeDeidre Hipwell, [https://www.thetimes.co.uk/tto/business/industries/retailing/article4425425.ece How Sainsbury’s Egyptian adventure turned into a pyramid of trouble], The Times, 29 April 2015) is a supermarket chain in Egypt.[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=20480648 Egyptian distribution Group S.A.E], Bloomberg Business It is headquartered in Giza, Egypt's third largest city.
History
The company is chaired by Egyptian businessman Amr el-Nasharty.Jessica Morris, [http://www.cityam.com/214780/four-figures-behind-sainsburys-boss-egypt-row Sainsbury's vs Egypt: The four key numbers behind Mike Coupe's legal row], City A.M., 29 April 2015 It was formerly a subsidiary of Sainsbury's, as Sainsbury's acquired 25% in March 2009 and 80% by December 2009. However, they sold their stake back to Nasharty in 2001.