A family feud has seen the billionaire brothers who bought Asda go their separate ways. The London buyout company yesterday announced it will become Asda's majority owner, while Mohsin Issa still holds 22.5 per cent. Parting of the ways: Tycoons Zuber (left) and Mohsin Issa swooped on Asda in 2021Zuber's exit drives a wedge between the Blackburn-based brothers, who have a combined net worth of more than £5billion. Since the brothers took over in 2021, the supermarket chain has been loaded with billions of pounds of debt. The brothers have denied a family feud, with Mohsin yesterday seeking to dispel rumours of sibling infighting.

Source: Daily Mail June 07, 2024 20:54 UTC