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The Latest Breaking News from Mohsin Issa

Profits dip at Asda as shoppers hit by cost-of-living crisis in first full year of ownership by billionaire Issa brothers

The billionaire Issa brothers bought Asda alongside private equity backers TDR Capital in early 2021

Birmingham Post

Billionaire Issa brothers make offer to get Asda's £600m Co-op deal approved amid £8bn Subway move

In August 2022, the Co-op first revealed plans to sell its 132 petrol stations and attached convenience stores in a bid to bolster its finances

Birmingham Post

Shoppers in 13 areas ‘could face higher prices’ from Asda petrol station deal

Asda's plan to buy Co-op petrol forecourts could see shoppers faced with "higher prices or less choice"

Wales Online

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Asda announces 10% pay rise for over 115,000 staff in £141m move

The news comes after an 8% pay increase for hourly-paid retail roles during 2022

Birmingham Post

Issa brothers’ companies face fines for late accounts

At least 23 businesses controlled by Zuber and Mohsin Issa face penalties from Companies House for failing to deliver their accounts

Evening Standard

Some of the billionaire Issa brothers' biggest projects to keep an eye on in 2023

It includes the first drive-thru Indian street food restaurant in the country

Manchester Evening News

Official inquiry launched into Asda's £600m deal to buy the Co-op's petrol stations

Asda is owned by the Lancashire-based billionaire Issa brothers and private equity firm TDR Capital

Birmingham Post

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Asda plans 300 new UK convenience stores, creating 10,000 jobs

Supermarket hopes to grab bigger share of burgeoning sector, possibly threatening Sainsbury’s second position

The Guardian - UK

Asda to create 10,000 jobs over next four years in major convenience store push

Asda is owned by the billionaire Issa brothers, who also separately own EG Group, alongside TDR Capital

Birmingham Post

'I spent the afternoon in Asda to see if its £1 meal deal for over 60s works'

The meal deal for the elderly started on November 1 and some people may not know about it yet

Leeds Live

'Incensed' Asda workers balloted for strike action in pay dispute after Issa brothers private jets row

BusinessLive understands, from a person familiar with the matter, that commercial interest will be paid on the loans for the private jets which will be backdated

Birmingham Post

Asda launches amazing £1 hot meal deal to help with cost of living

Shoppers aged 60 and over can get a bowl of soup, bread roll, and unlimited cups of tea and coffee for £1

Leeds Live

Co-op completes £600m sale of petrol forecourts to Asda

Retailer says proceeds will be reinvested in grocery stores, keeping down prices and reducing debt

The Guardian - UK

Asda completes £600m deal to buy Co-op's petrol forecourt business

The Co-op said proceeds from the sale will be reinvested into its core convenience shops, pricing, stores operations and reducing its debt burden

Birmingham Post

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The Independent UK

Asda to offer £1 ‘winter warmer’ meal deal in its cafes for over-60s

The deal, consisting of soup, roll and tea or coffee, will be available throughout November and December in any of the supermarket chain’s cafes.

Manchester Evening News

Billionaire Issa brothers poach HS2 boss as they pledge 'laser-focus' on cost of living crisis

The brothers ran their first petrol station in Bury in 2001

Daily Record

Asda purchases Co-op petrol stations in multi-million pound investment deal

The supermarket chain reached an agreement to purchase 132 sites from the retailer for £60million.

The Guardian - UK

Co-op to sell petrol forecourt business to rival Asda for £600m

Company says money from deal will be used to cut debt and reinvested in its ‘core convenience’ business

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Manchester Evening News

Billionaire Issa brothers agree £600m deal for Asda to buy Co-op petrol stations

The Issa brothers started out with a single petrol station in Bury

Nottingham Post

Asda confirms plan to buy 132 sites from The Co-op including stores and development sites

The deal was announced on Wednesday, August 31

Birmingham Post

Co-op agrees to sell 129-strong petrol forecourt chain to Asda for £600m

The Co-op said that offloading its petrol forecourts will allow it to focus on its convenience business

Manchester Evening News

Asda boss sends message to shoppers struggling with cost of living crisis

"We are determined to do all we can to support these customers during these tough times"

The Guardian - UK

British households £160 worse off in July than a year ago, says Asda

Retail chain pledges to do more to help consumers hit by cost of living crisis

Manchester Evening News

Planning row over billionaire Issa brothers' 'five ugly sisters' mansions

Residents have hit out after the family sought authorisation for changes made to imposed conditions

Chronicle Live

Asda boss warns of the "stark reality facing millions" amid the Cost Of Living crisis

Asda saw a drop 9% drop so far this year

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