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 |
Education | Witton Park High School |
Occupation | Co-owner of Euro Garages |
Relatives | Mohsin Issa (brother) |
Honours | CBE |
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
- "Zuber ISSA – Personal Appointments". Companies House. Retrieved 2 October 2020.
- "About Us". EG Group. 22 August 2017. Retrieved 2 March 2018.
- "Asda bought by billionaire brothers in £6.8bn deal". BBC News. 2 October 2020. Retrieved 2 October 2020.
- Chambers, Sam. "Zuber and Mohsin Issa: the brothers pumping debt — and doubts". ISSN 0140-0460. Retrieved 7 January 2021.
- "Petrol stations owned by Muslim family remove alcohol from shelves". The Express Tribune.
- "UK billionaire brothers' mega mosque plan gets council's nod". Ummid.
- Watts, Robert; McCall, Alastair (7 May 2017). "High-octane rise of brothers' firm shows family value". The Sunday Times. Retrieved 2 March 2018.
- Neate, Rupert (2 October 2020). "New Asda owners Mohsin and Zuber Issa – the Blackburn billionaire brothers". The Guardian. Retrieved 2 October 2020.
- Orton-Jones, Charles (29 November 2010). "Band of brothers: Why sibling-run firms work". Real Business. Retrieved 2 March 2018.
- "Acquisitions drive growth at Euro Garages". Insider Media. Retrieved 2 March 2018.
- Butler, Ben (10 February 2018). "Blackburn-based Euro Garages to expand into US with $2bn acquisition". Lancashire Telegraph. Retrieved 2 March 2018.
- "Issa brothers onside at Castore". Castore. Retrieved 1 August 2021.
- "No. 63135". The London Gazette (Supplement). 10 October 2020. p. B10.
- Armstrong, Ashley. "Asda owners Issa brothers 'paid no tax for two years'". Retrieved 20 February 2021.
- Armstrong, Ashley. "Asda's parent company will be based in Jersey tax haven". Retrieved 20 February 2021.
- "'Appalling' safety at Asda buyers' former company". BBC News. 18 December 2020. Retrieved 20 February 2021.