Issa Brothers (TDR Capital)

The Issa brothers' business empire spans two main sectors: fuel retail and convenience stores through EG Group, and supermarket retail through their stake in Asda. EG Group operates over 6,000 sites across 10 countries, including petrol stations, convenience stores, and food service outlets.

EG Group's business model focuses on integrating fuel retail with convenience store offerings, food service, and other ancillary services. The company has acquired numerous retail chains and brands across different markets, including the acquisition of Kroger's convenience store business in the United States.

Asda, under the Issa brothers' leadership (and now primarily TDR Capital's ownership), has focused on competing with other UK supermarkets through price competitiveness and expanding its online presence and delivery capabilities.

The brothers have been known for their aggressive acquisition strategy and willingness to invest heavily in business expansion and modernization. Their approach has emphasized operational efficiency and integration across their various business interests.

Mohsin and Zuber Issa founded EG Group in 2001 with a single petrol station in Bury, Greater Manchester. The brothers, whose family originally came from Gujarat, India, built the business through strategic acquisitions and organic expansion, transforming it into one of the world's largest independent fuel station and convenience store operators.

Throughout the 2000s and 2010s, EG Group expanded aggressively across the United Kingdom and internationally, acquiring existing petrol station chains and convenience store operations. The company expanded into Europe, the United States, and Australia, establishing a presence in over 10 countries with more than 6,000 sites.

The brothers' breakthrough deal came in 2020 when they led a consortium with TDR Capital to acquire Asda, the UK's third-largest supermarket chain, from Walmart for approximately $8.8 billion. This acquisition marked their entry into the large-scale supermarket retail sector and represented one of the largest private equity deals in UK retail history.

In 2021, Mohsin Issa became CEO of Asda, though he stepped down from the role in September 2024 to focus on EG Group's operations and strategic direction.