Asda has launched consultations with around 5,000 staff over a major restructuring which could put around 3,000 back office store workers at risk. The EG Group, owned by Mohsin and Zuber Issa, previously reached an agreement to acquire the chain from Walmart. 2021 (February): Issa brothers and their private equity backers announce their £6.8 billion acquisition of Asda has now been completed. It was founded by brothers, Zuber Issa and Mohsin Issa in 2001 with a single petrol filling station in Bury, Greater Manchester. Just 15 years ago they were working in a petrol station in Halifax, doing the stock-taking and cleaning the toilets among other things.

Source: The Nation February 25, 2021 10:52 UTC