Topaz announce €33million investment for 2017

Retail chain Topaz have announced they will invest €33million across 2017 which will create over 200 new jobs. The Irish petroleum retailer, owned by the Canadian Couche-Tard Group has a large presence across Ireland and have invested heavily over the last two years, with a particular emphasis on their Fresh Food offering and Re:Store roll-out.

Niall Anderton MD of Topaz and Jørn Madsen, Executive Vice-President, Central Eastern Europe and Ireland made the announcement at The Topaz Dealer Summit, where over 200 Topaz dealer were in attendance.

Topaz has bought Esso

Service station Topaz have had their takeover bid for Esso approved by the Competition and Consumer Protection Commission. Topaz, which is owned by contentious businessman Denis O’Brien, will own a total of 30% of the Irish fuel market. It is believed the deal will be worth it the region of €70 million.

Esso currently own 38 service stations across the country, 35 which will be acquired by Topaz. 3 service stations will be scrapped, a stipulated that was addressed in the takeover conditions. The deal will see Topaz employ over 2,000 people across the country. They’re expected turnover will be in the region of €3.5 billion.

Just last week, an announcement was made by Topaz that will see the introduction of 40 Eddie Rocket stores in a number of service stations, further diversifying their product offering and capitalising on all aspects of the market.

Eddie Rockets is opening in Petrol Stations around Ireland

Petrol. The Paper. The Jalopeno Popper Burger. A combination that is to become very easy with the announcement from Eddie Rockets that they will open in forecourts around the country. The popular burger joint that has established themselves as a revered favourite across Ireland will open in 40% of Topaz Stores.

Dublin Port and Brennanstown in Co. Wicklow will see the franchise in store by the end of the year and a further 15 locations are planned for 2016. An extensive menu will be available and all food will be made on site. Topaz have announced the upgrade will cost in the region of €11.4 million.

Source: http://www.thejournal.ie/eddie-rockets-topaz-2-2373993-Oct2015/