Zuber Issa

Zuber Vali Issa CBE (Hindi: ज़ुबेर वालि इस्सा, Gujarati: ઝુબેર વાલી ઇસા Urdu: زبیر ولی عیسیٰ; born June 1972)[1] is a British billionaire businessman and founder of Euro Garages (EG), a chain of petrol filling stations and convenience stores that operate in Europe, the United States and Australia.[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]

Zuber Issa

ज़ुबेर इस्सा
ઝુબેર ઇસા
زبیر عیسیٰ
Born
Zuber Vali Issa

June 1972 (age 49)
Blackburn, England
EducationWitton Park High School
OccupationCo-owner of Euro Garages
RelativesMohsin Issa (brother)
HonoursCBE

Early life

Zuber Vali Issa was born in June 1972 in Blackburn, Lancashire in North West England into an Indian Gujarati Muslim family[5][6] to parents Vali and Zubeda who came to the United Kingdom from Bharuch, Gujarat, India in the 1960s to work in the textile industry and then ran a petrol pump.[7]

He was educated at Witton Park High School.[8] His childhood was a modest one growing up in a terraced house in Blackburn.

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.[9] 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.[9] The company grew through a series of acquisitions.[10]

In February 2018, it was announced that Euro Garages would acquire 762 convenience stores in the United States from Kroger.[11]

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.[12]

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.[13]

Controversy

Zuber Issa and his brother Mohsin Issa have come under criticism for their tax affairs[14][15] along with having "appalling" safety standards at a company they co-owned.[16]

Personal life

Zuber Vali Issa is a British-Indian, a British-Gujarati and a British-Muslim.

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. "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 2020. 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. "Petrol stations owned by Muslim family remove alcohol from shelves". The Express Tribune.
  6. "UK billionaire brothers' mega mosque plan gets council's nod". Ummid.
  7. Watts, Robert; McCall, Alastair (7 May 2017). "High-octane rise of brothers' firm shows family value". The Sunday Times. Retrieved 2 March 2018.
  8. Neate, Rupert (2 October 2020). "New Asda owners Mohsin and Zuber Issa – the Blackburn billionaire brothers". The Guardian. Retrieved 2 October 2020.
  9. Orton-Jones, Charles (29 November 2010). "Band of brothers: Why sibling-run firms work". Real Business. Retrieved 2 March 2018.
  10. "Acquisitions drive growth at Euro Garages". Insider Media. Retrieved 2 March 2018.
  11. Butler, Ben (10 February 2018). "Blackburn-based Euro Garages to expand into US with $2bn acquisition". Lancashire Telegraph. Retrieved 2 March 2018.
  12. "Issa brothers onside at Castore". Castore. Retrieved 1 August 2021.
  13. "No. 63135". The London Gazette (Supplement). 10 October 2020. p. B10.
  14. Armstrong, Ashley. "Asda owners Issa brothers 'paid no tax for two years'". Retrieved 20 February 2021.
  15. Armstrong, Ashley. "Asda's parent company will be based in Jersey tax haven". Retrieved 20 February 2021.
  16. "'Appalling' safety at Asda buyers' former company". BBC News. 18 December 2020. Retrieved 20 February 2021.
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