Asda owners to open 300 convenience stores in petrol stations

The billionaire Issa brothers are set to make their mark as Asda’s new owners by reportedly planning to open over 300 Asda convenience stores across their EG Group estate.

According to The Sunday Times, Mohsin and Zuber Issa are planning to roll out “Asda on the Move” stores to 400 UK forecourts, following a successful trial of five of these sites.

The brothers acquired the Big 4 grocer last year with private equity firm TDR Capital after Walmart agreed to a £6.8 billion sale.

Under the new ownership structure, the Issa brothers and TDR Capital acquired the majority ownership stake in the supermarket.

Retail Gazette