Amr el-Nasharty

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Amr el-Nasharty is an Egyptian businessman and the founder and chief executive of the Egyptian Distribution Group, known as Edge. [1]

Egypt Country spanning North Africa and Southwest Asia

Egypt, officially the Arab Republic of Egypt, is a country in the northeast corner of Africa, whose territory in the Sinai Peninsula extends beyond the continental boundary with Asia, as traditionally defined. Egypt is bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba and the Red Sea to the east, Sudan to the south, Libya to the west, and the Mediterranean Sea to the north. Across the Gulf of Aqaba lies Jordan, across the Red Sea lies Saudi Arabia, and across the Mediterranean lie Greece, Turkey and Cyprus, although none share a land border with Egypt.

The Egyptian Distribution Group is a supermarket chain in Egypt. It is headquartered in Giza, Egypt's third largest city.

Contents

Sale and repurchase of Edge

In 1999, el-Nasharty sold 80% of Edge to U.K. grocer J. Sainsbury plc for £50 million as part of Sainsbury's attempt to diversify into the Middle East. The venture failed after the stores were boycotted over alleged links to Israel and Sainsburys withdrew from Egypt in 2001, selling the business back to el-Nasharty. The parties became embroiled in a bitter legal dispute over the terms of the buy-back that saw Sainsbury CEO Mike Coupe accused of criminal acts by an Egyptian court. [2] In June 2015, Coupe was acquitted of the charges. [3]

United Kingdom Country in Europe

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the north­western coast of the European mainland. The United Kingdom includes the island of Great Britain, the north­eastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state, the Republic of Ireland. Apart from this land border, the United Kingdom is surrounded by the Atlantic Ocean, with the North Sea to the east, the English Channel to the south and the Celtic Sea to the south-west, giving it the 12th-longest coastline in the world. The Irish Sea separates Great Britain and Ireland. The United Kingdom's 242,500 square kilometres (93,600 sq mi) were home to an estimated 66.0 million inhabitants in 2017.

Middle East region that encompasses Western Asia and Egypt

The Middle East is a transcontinental region centered on Western Asia, Turkey, and Egypt. Saudi Arabia is geographically the largest Middle Eastern nation while Bahrain is the smallest. The corresponding adjective is Middle Eastern and the derived noun is Middle Easterner. The term has come into wider usage as a replacement of the term Near East beginning in the early 20th century.

Israel country in the Middle East

Israel, also known as the State of Israel, is a country in Western Asia, located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. It has land borders with Lebanon to the north, Syria to the northeast, Jordan on the east, the Palestinian territories of the West Bank and Gaza Strip to the east and west, respectively, and Egypt to the southwest. The country contains geographically diverse features within its relatively small area. Israel's economic and technological center is Tel Aviv, while its seat of government and proclaimed capital is Jerusalem, although the state's sovereignty over Jerusalem has only partial recognition.

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References

  1. ↑ Sean Farrell (2015-04-29). "Sainsbury's rejects claims against chief executive sentenced to jail in Egypt | World news". Theguardian.com. Retrieved 2015-05-03.
  2. ↑ Finance. "Sainsbury's hit by claim over failed Egyptian foray". Telegraph.co.uk. Retrieved 2015-05-03.
  3. ↑ BRIEF-Sainsbury says CEO Mike Coupe acquitted by Egyptian court. Reuters, 11 June 2015. Retrieved 13 June 2015.


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