- Thursday, April 25, 2024
By: Radhakrishna N S
INDIAN origin Issa brothers are moving ahead with their plans to build one of the world’s largest petrol station chain.
The company’s latest spending strategies have made it one of the biggest business in the UK.
Zuber and Mohsin Issa control 50 per cent of the company alongside TDR Capital.
Euro Garages has its presence in eight countries in Europe and North America and operates 5,000 sites with 25,000 employees.
South Asian origin brothers led firm’s yearly turnover climbed to £11 billion with site numbers 4,600 by the end of 2018.
As part of their expansion policy, the two brothers have continued their spending this year with over 1,000 sites.
Beating many British business giants, the annualised revenue has now crossed $20bn, company sources said. However, Euro Garages posted a €138m pre-tax loss as a series of exceptional items.
The Issa brothers declined to pay themselves a dividend last year.
Founded in 2001 by the Issa family, the UK based EG Group is a leading petrol forecourt retail convenience operator who has established partnerships with global brands such as ESSO, BP, Shell, Carrefour, Louise Delhaize, SPAR, and others.
The EG Group currently employs over 35,000 colleagues working in circa 5,500 sites across nine markets in Europe, the US, and Australia.
The duo was born in Blackburn after their parents, moved to Britain from India’s Gujarat.
