Billionaire Issa brothers snap up fast food chain Leon April 18, 2021 The billionaire brothers behind Asda have snapped up British fast food chain Leon in a deal worth a reported £100m. Mohsin and Zuber Issa, who have agreed a £6.8bn deal to buy Asda, are now swooping on the London-based food chain through their petrol station empire EG Group. The transaction, which includes 42 company-owned restaurants [...]
Issa brothers offer to sell 27 petrol stations to resolve Asda takeover competition dispute May 5, 2021 The Issa brothers, the billionaire businessmen who recently bought Asda, have agreed to sell 27 of their EG Group petrol stations to resolve a competition dispute related to the takeover. Last month the Competition and Markets Authority launched an investigation into the Issa brothers and TDR Capital’s takeover of the supermarket, saying the deal raises [...]
Issa brothers’ Asda takeover hits roadblock as watchdog probes petrol station competition concerns April 20, 2021 The UK’s competition watchdog has launched an investigation into the acquisition of Asda by the Issa brothers and TDR Capital over concerns that it could drive up petrol prices. The companies have said they will work with the Competition and Markets Authority (CMA) to find a resolution within the first stage of the probe. The [...]
High street burns, but Issa brothers mull a fiddle with Nero December 20, 2020 Asda owners EG Group are offering to fund a legal challenge against Caffe Nero over its controversial rescue deal, it was reported today. The Group, owned by the petrol station tycoons the Issa Brothers, has hired lawyers as well as property agents Christie’s and CWM as part of an effort to overturn the coffee chain’s [...]
Asda chief exec to step down following grocer’s £6.8bn sale to Issa Brothers March 18, 2021 Roger Burnley, the chief executive and president of Asda, will step down next year after the supermarket has transitioned to its new ownership, following its £6.8bn sale to the Issa Brothers and TDR Capital. A process to replace Burnley, who has held the top job at the supermarket for just over three years, is set [...]
Asda web sales soared 76 per cent ahead of billionaire Issa brothers takeover February 18, 2021 Asda web sales soared 76 per cent in ahead of billionaire Issa brothers takeover
Asda: Billionaire Zuber Issa close to selling £500m stake in supermarket giant to TDR Capital April 19, 2024 Billionaire Zuber Issa is close to completing talks to sell his £500m stake in Asda to its private equity backer, TDR Capital, according to reports.
Roasted: Caffe Nero rejects Issa brothers bid in favour of CVA November 30, 2020 Roasted: Caffe Nero rejects Issa brothers bid in favour of rent deals and restructuring
New Asda owning Issa brothers sell stake in petrol station giant EG Group November 13, 2020 New Asda owning Issa brothers sell stake in petrol station giant EG Group
Asda accused of ‘fire and rehire’ in row over pay cut plans for 7,000 May 18, 2023 Asda and a union representing 7,000 workers have entered into a furious row, after the supermarket giant was accused of “inexcusable” pay cut plans. The chain rejected claims it is going to cut the pay of 7,000 low-paid retail workers, insisting it is in the middle of a consultation to remove an “anomaly” in the [...]