All Brands Owned by EG Group

What do the Issa Brothers own?
The Issa Brothers' business interests include EG Group (approximately 50% owned by TDR Capital, 25% by Mohsin, 25% by Zuber), Asda (controlled by TDR Capital with Mohsin Issa retaining a stake), and EG On The Move (owned by Zuber Issa). EG Group operates forecourts and convenience stores across Europe and the US. EG On The Move operates UK forecourts independently from EG Group.

Is EG Group publicly traded?
No, EG Group is not publicly traded. It is a privately held company. TDR Capital has been exploring a US IPO that could raise approximately $1 billion and value the business at more than $9 billion. However, co-founder Zuber Issa has publicly urged the sale of the US operations instead, creating uncertainty about the company's future listing plans.

Who founded EG Group?
EG Group was founded in 2001 by brothers Mohsin and Zuber Issa in Blackburn, Lancashire, UK. The company was originally called Euro Garages and started with a single petrol station in Bury, Greater Manchester. The brothers partnered with TDR Capital in 2016, merging Euro Garages with TDR's European Forecourt Retail Group to form EG Group.

Where is EG Group headquartered?
EG Group is headquartered in Charlotte, North Carolina, USA. The company relocated its corporate headquarters from Blackburn, UK, to Charlotte following the 2021 acquisition of Cumberland Farms, which established EG Group's significant presence in the United States. The company retains operational presence in the UK and Europe.

What is EG On The Move?
EG On The Move is a separate company owned by Zuber Issa, created after he acquired EG Group's remaining UK forecourt sites. The company operates independently from EG Group and focuses on UK forecourts and convenience retail. Zuber Issa created EG On The Move after stepping down as co-CEO of EG Group and selling his 22.5% stake in Asda to TDR Capital.

What is EG Group's revenue?
EG Group posted revenue of approximately $24.2 billion in 2024 with adjusted EBITDA of $1.4 billion. For 2025, the company reported underlying EBITDA of $942 million, down 1% year over year. The decline reflects the impact of divestments, which have reduced the overall size of the business. The company does not publicly disclose full revenue figures for 2025.

What is the relationship between EG Group and Asda?
EG Group and Asda are separate companies connected through common ownership. TDR Capital holds approximately 50% of EG Group and a controlling stake in Asda. Mohsin Issa holds approximately 25% of EG Group and a stake in Asda. Zuber Issa sold his 22.5% Asda stake to TDR Capital in 2024. EG Group previously sold its UK forecourt sites to Asda, but the two companies are independently operated.