Zuber Issa

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Zuber Issa
BornJune 1972 (age 49)
Blackburn, England
CitizenshipBritish
OccupationCo-owner of Euro Garages
RelativesMohsin Issa (brother)
HonoursCBE

Zuber Vali Issa CBE (born June 1972)[1] is a British businessman and founder of Euro Garages (EG), a chain of petrol filling stations that operate in the United Kingdom and Europe.[2] As part of a consortium with his brother Mohsin and TDR Capital, he is also the majority stakeholder in Asda.[3] EG’s annual sales across 10 countries is currently valued at €20bn.[4]

Early life[]

Issa was born in Blackburn. His parents, Vali and Zubeda, came from Bharuch, Gujarat, India to the United Kingdom to work in the textile industry and owned a petrol station.[5] He was educated at Witton Park High School.[6]

Career[]

Before founding Euro Garages, Zuber Issa and his brother, Mohsin, took out a lease on a garage, and saved up the money to buy their first petrol station.[7] Zuber co-founded Euro Garages with his brother, Mohsin, in 2001, with the acquisition of a single petrol station in Bury, Greater Manchester. The original site cost £150,000.

Zuber is responsible for strategy and acquisitions while his brother, Mohsin, runs the business day to day.[7] The company grew through a series of acquisitions.[8]

In February 2018, it was announced that Euro Garages would acquire 762 convenience stores in the United States from Kroger.[9]

In October 2020, Walmart sold their majority stake in Asda to a consortium of Issa, his brother and TDR Capital.[3]

Through their Monte Group company the Issa brothers are investors in the sports brand Castore.[10]

Along with his brother, Issa was appointed Commander of the Order of the British Empire (CBE) in the 2020 Birthday Honours for services to business and charity.[11]

Controversy[]

Zuber Issa and his brother Mohsin Issa have come under criticism for their tax affairs[12][13] along with having "appalling" safety standards at a company they co-owned.[14]

References[]

  1. ^ "Zuber ISSA – Personal Appointments". Companies House. Retrieved 2 October 2020.
  2. ^ "About Us". EG Group. 22 August 2017. Retrieved 2 March 2018.
  3. ^ Jump up to: a b "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 202. Retrieved 2 October 2020.
  4. ^ Chambers, Sam. "Zuber and Mohsin Issa: the brothers pumping debt — and doubts". ISSN 0140-0460. Retrieved 7 January 2021.
  5. ^ Watts, Robert; McCall, Alastair (7 May 2017). "High-octane rise of brothers' firm shows family value". The Sunday Times. Retrieved 2 March 2018.CS1 maint: multiple names: authors list (link)
  6. ^ Neate, Rupert (2 October 2020). "New Asda owners Mohsin and Zuber Issa – the Blackburn billionaire brothers". The Guardian. Retrieved 2 October 2020.
  7. ^ Jump up to: a b Orton-Jones, Charles (29 November 2010). "Band of brothers: Why sibling-run firms work". Real Business. Retrieved 2 March 2018.
  8. ^ "Acquisitions drive growth at Euro Garages". Insider Media. Retrieved 2 March 2018.
  9. ^ Butler, Ben (10 February 2018). "Blackburn-based Euro Garages to expand into US with $2bn acquisition". Lancashire Telegraph. Retrieved 2 March 2018.
  10. ^ "Issa brothers onside at Castore". Castore. Retrieved 1 August 2021.
  11. ^ "No. 63135". The London Gazette (Supplement). 10 October 2020. p. B10.
  12. ^ Armstrong, Ashley. "Asda owners Issa brothers 'paid no tax for two years'". Retrieved 20 February 2021.
  13. ^ Armstrong, Ashley. "Asda's parent company will be based in Jersey tax haven". Retrieved 20 February 2021.
  14. ^ "'Appalling' safety at Asda buyers' former company". BBC News. 18 December 2020. Retrieved 20 February 2021.
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