Celebrating Britain's 101 Most Influential Asians 2024

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Zuber and Mohsin Issa


THE DYNAMIC duo behind EG Group, a multinational convenience store and fuel retailer, and Asda, the third largest grocer in the UK, Zuber and Mohsin Issa have built an impressive business empire through their vision, hard work, and strategic acquisitions.

However, the Indian-origin brothers from Blackburn are now executing a deleveraging strategy – in a bid to reduce debts. This has seen the brothers selling the majority of EG Group’s UK and Ireland fuel, foodservice, grocery and merchandise business to Asda for a cash consideration of £2 billion. The deal allows the EG Group to focus on international growth and the energy transition to alternative fuels and EV charging, following an agreement in November to acquire Tesla’s latest ultra-fast charging units for their rapidly growing elective vehicle charging business, evpoint. It is the first deal of its kind entered into by Tesla with a third-party charge point operator in Europe. “The sale of the majority of EG Group’s UK business to Asda represents an important strategic step for the company,” Zuber Issa commented on the completion of the deal at the end of October last year. “Following this transaction and the successful extension of the debt maturities to February 2028, EG Group will benefit from a sustainable capital structure from which to build for the future.” EG Group will continue to operate 32 sites in the UK, and retain certain foodservice brands, including Cooplands, its wholly-owned bakery business, as well as franchise businesses with the Starbucks, Sbarro, Chaiiwala and Cinnabon brands. The company has also entered into an agreement to sell all its 218 KFC franchise res[1]taurants in the UK and Ireland to KFC brand owner Yum! Brands.

It has been the largest KFC franchisee in the UK and Ireland. They have also sold 63 of its US convenience stores

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