436:, in Central London. In May 2018, it was reported the brothers were planning to construct five identical mansions on Billinge End Road, an exclusive countryside area on the outskirts of Blackburn. This development required the demolition of eight existing homes and a tennis court. The project, dubbed "McMansions" by the local press, sparked complaints from residents who felt the new buildings were out of place and not in-keeping with the local area.
301:
In
December 2023, there were initial media reports that Mohsin and Zuber had suffered a falling out, though these reports were criticised by a source close to the brothers. In February 2024, it was reported that Zuber Issa was seeking to sell his 22.5 per cent stake in Asda to focus on other areas of
456:
in
September 2009 and July 2011 for its health and safety practices. This story was re-established by the media in October 2020 when it was announced the brothers would be majority stakeholders in Asda. Also in October 2020, Mohsin and Zuber came under criticism from the media who were examining
229:“When you look at what business was, kiosked out, Cokes and smokes, you wouldn't buy any food, it would be distress purchase et cetera. We had the vision of actually modernising that, investing in that. It was our vision in addressing multiple missions in one convenient location.”
425:
partner, which resulted in Ernst & Young removing themselves as Asda's auditors in July 2023. It was later revealed that the partner is
Victoria Price, and that the pair first met at an Ernst & Young award ceremony in June 2018, though Price never had Asda as a client.
412:
on the site of the former
Westholme Nursery School; these plans were granted permission in March 2021. In August 2024, the Issa Foundation was hit with enforcement action at the former St. Mary's College building in Blackburn surrounding complaints of loud noise.
204:
called Euro News, which he later expanded into a newsagent chain in busy mall locations in the North-West of
England. In 1993, Mohsin co-founded the plastic-packaging firm Europlast alongside older brother Zakir, of which Zuber would become a shareholder in 1998.
460:
In
October 2022, the brothers faced criticism for borrowing tens of millions interest-free from EG Group to buy two private jets. In May 2024, the brothers borrowed an additional £7 million from EG Group to cover private jets.
241:
Before founding Euro
Garages, the Issa brothers took out a lease on a garage, and saved up the money to buy their first petrol station. They co-founded Euro Garages in 2001, with the acquisition of a single petrol station in
451:
In June 2012, whilst Mohsin and Zuber were both
Europlast company directors, a worker lost part of his middle finger whilst cleaning a bubblewrap machine at Europlast's plant; the plant had previously been cautioned by the
312:
In June 2024, Zuber Issa announced he will sell his 22.5% stake in Asda to TDR Capital which would make them the majority owner, controlling 67.5% of the company in the third quarter of 2024.
138:
Since
September 2024, Mohsin Issa is the sole chief executive of EG Group, and a minority owner and non-executive director of Asda. Zuber Issa owns and runs his separate business,
142:, is a non-executive director of EG Group, and no longer holds ownership in Asda after selling his stake to TDR Capital. Both brothers retain their ownership stakes in EG Group.
421:
Mohsin Issa's first marriage was to Shamin, with the couple having a son and a daughter. In
January 2024, it was reported that Mohsin Issa was in a relationship with an
2206:
1099:
707:
1346:
837:
298:, angering committee members, who accused Issa of 'failing to answer questions about the supermarket’s fuel prices, finances and treatment of staff.'
2181:
1295:
1234:
1072:
287:. In August 2021, Roger Burnley unexpectedly stepped down as Asda's chief executive, with Mohsin operating Asda's day-to-day business going forward.
1321:
1208:
922:
1421:
380:
In July 2023, the brothers invested £30 million in HVS, a British zero-emission company that is developing a lorry running on hydrogen fuel cells.
2045:
1373:
947:
2055:
664:
127:, convenience stores and food service providers across Europe, the United States and Australia. In October 2020, as part of a consortium with
1481:
1011:
2186:
646:
393:
2171:
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1261:
1175:
561:
309:
that he was carrying out a "reset" at the grocer, before appointing a chief executive to succeed him. He also denied a rift with Zuber.
1725:
1696:
974:
811:
408:
Mohsin and Zuber established the Issa Foundation in March 2016. In December 2020, their foundation revealed plans to build a mosque in
259:
In June 2024, it was reported that Zuber was looking to step down from being co-executive officer of EG Group to focus on his separate
1895:
1821:
1532:
2166:
679:
1435:
1785:
2196:
291:
256:
Prior to the Asda acquisition, Mohsin ran the business day-to-day, whilst Zuber was responsible for strategy and acquisitions.
253:) offloaded their forecourt sites, with Euro Garages using these acquisitions to expand retail and food convenience offerings.
1566:
1759:
331:. They also own the Stanley House Hotel & Spa in Lancashire. There is also a development owned on Frontier Park in East
881:
594:
1593:
295:
233:
1996:
1874:
1645:
377:
Since April 2022, Zuber Issa has independently operated a standalone supermarket in Blackburn, called Euro Grocers.
2201:
1149:
838:"The billionaire brothers who built an empire from a Bury petrol station and have just bought ASDA for £6.8bn"
2191:
535:
620:
1957:
453:
354:
decided not to sell it, and took it off the market. Later in the year, the brothers attempted to acquire
169:
17:
2090:
951:
315:
In September 2024, it was announced that Mohsin Issa would step-down as Asda's chief executive, with
1620:
443:
valued their combined net worth at £5.05 billion, making them the 40th wealthiest family in the UK.
2176:
2161:
243:
1914:
1673:
Billionaire Brothers Asda owners - ISSA Brothers from Lancashire | EuroGarages Group| #billionaire
1124:
1461:
842:
166:
2211:
2151:
1989:
1942:
440:
1414:
2085:
397:
1506:
2216:
2146:
2141:
975:"Asda's billionaire brothers face billions of pounds of debt – and talks of strained ties"
8:
1646:"Mohsin Issa confirms relationship with ex-EY tax partner after Asda auditor resignation"
367:
363:
201:
185:
1726:"Anger over Euro Garages brothers' plans to build 5 identical 'McMansions' in Blackburn"
2080:
1466:
1402:
327:
Through their Monte Group company, the Issa brothers are investors in the sports brand
159:
1982:
1933:
1795:
1733:
1707:
1540:
1383:
1269:
1183:
1021:
982:
569:
200:
for a short time. In 1988/90, Zuber, aged around 17 or 18, purchased a news kiosk in
197:
1958:"Issa brothers borrow £7m more from EG Group to cover private jets - Retail Gazette"
392:'s 'Entrepreneur of the Year' award. In October 2020, the Issas were each appointed
2116:
2050:
895:
684:
422:
389:
181:
1760:"Asda billionaire brothers infuriate locals with plans for 'monstrous McMansions'"
1567:"Issa brothers' charity hit with enforcement action over events at former college"
1209:"Issa brothers miss out on TopShop and Miss Selfridge deal - ALL stores to close"
347:
343:
328:
188:. Their childhood was a modest one, growing up in a terraced house in Blackburn.
163:
124:
109:
1296:"Billionaire Issa brothers 'considering £8bn takeover of sandwich giant Subway'"
1073:"Asda co-owner Zuber Issa sells his stake to private equity company TDR Capital"
2065:
1846:
948:"Asda co-owner angers MPs during fuel prices grilling session - Retail Gazette"
280:
260:
222:
139:
135:. From August 2021 to September 2024, Mohsin served as Asda's chief executive.
2037:
1671:
864:
758:
2135:
1799:
1737:
1711:
1544:
1387:
1273:
1187:
1046:
1025:
986:
781:
573:
507:
433:
275:
announced an agreement to sell a majority stake in British supermarket chain
131:, the brothers became majority stakeholders in the British supermarket chain
733:
708:"New Asda owners Mohsin and Zuber Issa – the Blackburn billionaire brothers"
371:
2111:
1347:"Shoppers converge on first Issa brothers Euro Grocers store to open in UK"
116:
621:"Blackburn Issa brother to step down from running Asda supermarket chain"
562:"Blackburn Issa brother to step down from running Asda supermarket chain"
355:
316:
284:
128:
112:
2070:
866:
The Billionaire brothers owners of Asda - ISSA Brothers from Lancashire
478:
332:
155:
760:
The Billionaire brothers owners of Asda -ISSA Brothers from Lancashire
319:
and TDR Capital's Rob Hattrell taking over Mohsin's responsibilities.
172:
family to parents Vali and Zubeda who came to the United Kingdom from
2106:
2075:
2060:
1790:
1702:
1507:"Billionaire Issa brothers: £5m 'landmark' Blackburn mosque approved"
1378:
1016:
923:"Asda CEO Roger Burnley resigns earlier than expected after takeover"
429:
Zuber Issa is married to Asma, with the couple having four children.
409:
359:
351:
151:
120:
50:
647:"Petrol stations owned by Muslim family remove alcohol from shelves"
432:
In November 2017, the brothers invested in a £25 million mansion in
2005:
1374:"Billionaire Issa brothers backing hydrogen-powered lorry start-up"
512:
218:
87:
1322:"Bombshell for billionaire Issa brothers' plans to buy Caffé Nero"
1100:"Lord Stuart Rose to lead Asda as co-owner Mohsin Issa steps back"
302:
business. It was reported that the equity was worth £500 million.
150:
Mohsin Issa was born in July 1971, and Zuber Issa in June 1972 in
1436:"Blackburn brothers land prestigious prize | TheBusinessDesk.com"
1235:"Billionaires Face Off in Final Battle for UK High Street Staple"
339:
272:
177:
173:
1012:"Billionaire Asda owner seeks to sell stake for more than £500m"
1786:"Mohsin and Zuber Issa net worth — Sunday Times Rich List 2023"
1533:"New dome placed on top of £5m landmark Issa Foundation mosque"
896:"Blackburn Issa brothers to split as Asda share sale announced"
869:(Audio, 13'56"). BBC Sounds. 25 April 2021 – via YouTube.
595:"Zuber Issa to lead new venture as he steps down from EG Group"
665:"UK billionaire brothers' mega mosque plan gets council's nod"
1822:"Packaging firm prosecuted after worker loses part of finger"
677:
1262:"Morrisons beats Issa brothers in battle to rescue McColl's"
338:
In 2021, the brothers tried to acquire the fashion retailer
1974:
1697:"Brothers from 'wrong side of Pennines' who took over Asda"
276:
250:
132:
1896:"Asda's parent company will be based in Jersey tax haven"
362:. In 2023, the brothers emerged as potential bidders for
306:
105:
98:
1176:"EXCLUSIVE: First Hilton hotel for East Lancs announced"
1875:"Asda owners Issa brothers 'paid no tax for two years'"
680:"High-octane rise of brothers' firm shows family value"
184:, and then ran a petrol station. They were educated at
809:
508:"Asda bought by billionaire brothers in £6.8bn deal"
346:. In 2022, they attempted to acquire pharmacy chain
1847:"'Appalling' safety at Asda buyers' former company"
782:"'Appalling' safety at Asda buyers' former company"
1894:
1873:
1695:
1592:
196:After leaving school, the brothers worked in the
2133:
1047:"Issa brother to step back after 'fixing' Asda"
1486:register-of-charities.charitycommission.gov.uk
1372:Editor, Robert Lea, Industrial (9 July 2023).
1260:Gill, Oliver; Warrington, James (9 May 2022).
1259:
812:"Band of brothers: Why sibling-run firms work"
678:Watts, Robert; McCall, Alastair (7 May 2017).
2207:Commanders of the Order of the British Empire
1990:
1819:
536:"Asda entices new boss with £10m pay package"
249:Euro Garages expanded as oil majors (such as
394:Commander of the Order of the British Empire
290:On 19 July 2023, Mohsin appeared before the
1594:"Petrol station brothers filled with drive"
1470:(Supplement). 10 October 2020. p. B10.
882:"Acquisitions drive growth at Euro Garages"
699:
1997:
1983:
1621:"Asda auditor EY resigns - Retail Gazette"
1564:
208:
1892:
1871:
1584:
1420:CS1 maint: multiple names: authors list (
810:Orton-Jones, Charles (29 November 2010).
731:
279:to a consortium of the Issa brothers and
2182:British businesspeople of Indian descent
1460:
1293:
374:in the early 2020s were not successful.
366:, however it would end up being sold to
920:
27:British-Indian businessmen and brothers
14:
2134:
1820:Stuart-Turner, Richard (4 July 2014).
1371:
1150:"EG Group acquires 52 KFC restaurants"
1097:
1009:
835:
400:for services to business and charity.
1978:
1893:Armstrong, Ashley (12 October 2020).
1783:
1757:
1693:
1590:
1005:
1003:
879:
805:
803:
705:
115:brothers and businessmen who founded
1955:
1872:Armstrong, Ashley (5 October 2020).
1618:
972:
732:Corporate, Asda (1 September 2024).
502:
500:
388:In June 2018, the brothers received
180:, India in the 1960s to work in the
119:(later renamed EG Group) in 2001, a
2187:21st-century British businesspeople
1482:"ISSA FOUNDATION - Charity 1166025"
1319:
296:Business and Trade Select Committee
234:Business and Trade Select Committee
24:
2172:English people of Gujarati descent
2157:British people of Gujarati descent
1784:Times, The Sunday (10 July 2023).
1758:Jolly, Bradley (6 February 2024).
1565:Macpherson, Jon (15 August 2024).
1098:Denton, Jane (18 September 2024).
1000:
880:Frost, Richard (19 January 2016).
800:
322:
25:
2228:
1320:Vay, Josie Le (14 January 2022).
1125:"Issa brothers onside at Castore"
1010:Cahill, Helen (5 February 2024).
836:George, Thomas (2 October 2020).
497:
416:
2167:English people of Indian descent
1619:Hill, Eloise (28 January 2024).
1294:Maidment, Adam (28 March 2023).
921:Jahshan, Elias (6 August 2021).
706:Neate, Rupert (2 October 2020).
1949:
1907:
1886:
1865:
1839:
1813:
1777:
1751:
1718:
1687:
1664:
1638:
1612:
1558:
1525:
1499:
1474:
1454:
1428:
1365:
1339:
1313:
1287:
1253:
1227:
1201:
1168:
1142:
1117:
1091:
1065:
1039:
973:Barr, Luke (16 December 2023).
966:
940:
914:
888:
873:
857:
829:
774:
751:
725:
305:In March 2024, Mohsin told the
2197:Conservative Party (UK) donors
1694:Ralph, Alex (3 October 2020).
950:. 24 July 2023. Archived from
671:
657:
639:
613:
587:
554:
528:
471:
446:
145:
13:
1:
464:
236:on Tuesday 19 December 2023.
232:—Mohsin Issa speaking to the
2004:
1591:Evans, Peter (2 June 2019).
7:
1956:Hill, Eloise (3 May 2024).
454:Health and Safety Executive
10:
2233:
403:
383:
350:, but its American owners
216:
191:
2099:
2091:Turkey Hill Minit Markets
2036:
2029:
2012:
1941:Cite uses generic title (
82:
74:
66:
58:
41:
34:
244:Bury, Greater Manchester
1625:www.retailgazette.co.uk
1326:Manchester Evening News
1300:Manchester Evening News
927:www.retailgazette.co.uk
843:Manchester Evening News
266:
441:Sunday Times Rich List
370:. Attempts to acquire
238:
2202:People from Blackburn
2020:Mohsin and Zuber Issa
568:. 18 September 2024.
227:
217:Further information:
36:Mohsin and Zuber Issa
2192:English billionaires
1730:Lancashire Telegraph
1539:. 2 September 2024.
1537:Lancashire Telegraph
1213:Lancashire Telegraph
1180:Lancashire Telegraph
566:Lancashire Telegraph
396:(CBE) in the year's
1915:"Subscribe to read"
1156:. 27 September 2021
651:The Express Tribune
627:. 18 September 2024
601:. 18 September 2024
457:their tax affairs.
368:Roark Capital Group
186:Witton Park Academy
123:-based operator of
70:Witton Park Academy
2081:Sprint Food Stores
1853:. 18 December 2020
1467:The London Gazette
1413:has generic name (
1182:. 7 January 2019.
788:. 18 December 2020
439:In July 2023, the
358:, but lost out to
342:, but lost out to
160:North West England
2129:
2128:
2125:
2124:
1652:. 2 February 2024
423:Ernst & Young
390:Ernst & Young
271:In October 2020,
198:clothing industry
93:
92:
45:Mohsin: July 1971
16:(Redirected from
2224:
2117:Leon Restaurants
2051:Cumberland Farms
2034:
2033:
1999:
1992:
1985:
1976:
1975:
1969:
1968:
1966:
1964:
1953:
1947:
1946:
1939:
1937:
1929:
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1925:
1911:
1905:
1904:
1898:
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1884:
1883:
1877:
1869:
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1858:
1843:
1837:
1836:
1834:
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1817:
1811:
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1808:
1806:
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1749:
1748:
1746:
1744:
1722:
1716:
1715:
1699:
1691:
1685:
1684:
1683:
1681:
1676:, 14 August 2022
1668:
1662:
1661:
1659:
1657:
1642:
1636:
1635:
1633:
1631:
1616:
1610:
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1058:
1043:
1037:
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1034:
1032:
1007:
998:
997:
995:
993:
970:
964:
963:
961:
959:
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938:
937:
935:
933:
918:
912:
911:
909:
907:
892:
886:
885:
884:. Insider Media.
877:
871:
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861:
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833:
827:
826:
824:
822:
807:
798:
797:
795:
793:
778:
772:
771:
770:
768:
763:, 14 August 2022
755:
749:
748:
746:
744:
734:"Zuber Issa CBE"
729:
723:
722:
720:
718:
703:
697:
696:
694:
692:
685:The Sunday Times
675:
669:
668:
661:
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617:
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608:
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591:
585:
584:
582:
580:
558:
552:
551:
549:
547:
532:
526:
525:
523:
521:
516:. 2 October 2020
504:
495:
494:
492:
490:
485:. 22 August 2017
475:
398:Birthday Honours
317:Lord Stuart Rose
182:textile industry
125:filling stations
47:Zuber: June 1972
32:
31:
21:
2232:
2231:
2227:
2226:
2225:
2223:
2222:
2221:
2177:English Muslims
2162:British Muslims
2132:
2131:
2130:
2121:
2095:
2025:
2008:
2003:
1973:
1972:
1962:
1960:
1954:
1950:
1940:
1931:
1930:
1923:
1921:
1913:
1912:
1908:
1891:
1887:
1870:
1866:
1856:
1854:
1845:
1844:
1840:
1830:
1828:
1818:
1814:
1804:
1802:
1782:
1778:
1768:
1766:
1756:
1752:
1742:
1740:
1732:. 29 May 2018.
1724:
1723:
1719:
1692:
1688:
1679:
1677:
1670:
1669:
1665:
1655:
1653:
1644:
1643:
1639:
1629:
1627:
1617:
1613:
1603:
1601:
1589:
1585:
1575:
1573:
1563:
1559:
1549:
1547:
1531:
1530:
1526:
1516:
1514:
1513:. 19 March 2021
1505:
1504:
1500:
1490:
1488:
1480:
1479:
1475:
1459:
1455:
1445:
1443:
1434:
1433:
1429:
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1400:
1399:
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1370:
1366:
1356:
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1345:
1344:
1340:
1330:
1328:
1318:
1314:
1304:
1302:
1292:
1288:
1278:
1276:
1258:
1254:
1244:
1242:
1233:
1232:
1228:
1218:
1216:
1215:. February 2021
1207:
1206:
1202:
1192:
1190:
1174:
1173:
1169:
1159:
1157:
1148:
1147:
1143:
1133:
1131:
1123:
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1118:
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1080:
1071:
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1056:
1054:
1045:
1044:
1040:
1030:
1028:
1008:
1001:
991:
989:
971:
967:
957:
955:
954:on 24 July 2023
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517:
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498:
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477:
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472:
467:
449:
419:
406:
386:
325:
323:Other interests
269:
239:
225:
215:
194:
148:
86:Co-founders of
54:
48:
46:
37:
28:
23:
22:
15:
12:
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