Category: Issa
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Issa brothers consider £13bn flotation of EG group in the US
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British petrol station tycoons Mohsin and Zubair Issa are considering a potential £13bn listing of their front office empire, EG Group, on the US stock market. This step will represent another blow to the London Stock Exchange, which has been affected by a large group of prominent companies that chose…
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Former Asda boss Mohsin Issa invests £10m in sports supplement firm ahead of London IPO
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Billionaire retail tycoon Mohsin Issa, the former chief executive and co-owner of Asda, has made his first major investment since stepping down from the supermarket giant, investing £10m in Liverpool-based sports supplements company Applied Nutrition. The company is preparing to offer its shares for public subscription on the London Stock…
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Asda co-owner Mohsin Issa steps back as Lord Rose takes temporary charge
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Asda co-owner Mohsen Issa is stepping down from his role in the day-to-day running of the UK’s third-largest supermarket, despite the fact that a permanent chief executive has yet to be appointed. The move allows Issa to focus on his role as CEO of EG Group, which operates petrol stations…
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Asda’s struggle under Issa brothers draws criticism from Chairman Lord Rose
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Asda chairman Lord Rose has expressed his embarrassment at the supermarket chain’s recent decline, particularly under the leadership of the Issa brothers. In a candid interview with TelegraphRose acknowledged the challenges Asda faces, revealing his concerns about the company’s declining performance and market share. After a 2.1% decline in sales…