UK Tycoon Mohsin Issa Steps Aside From Running Supermarket Asda

Petrol station entrepreneur Mohsin Issa has stepped aside from his executive role at Asda, the struggling British supermarket that he bought alongside his brother and private equity firm TDR Capital three years ago.

The decision comes after TDR acquired the 22.5% Asda stake held by Zuber Issa, Mohsin’s brother, in June. The move — first reported by Bloomberg News — gave the private equity firm majority control of one of the UK’s biggest grocery chains, formalizing the division of the Issas’ retail empire.

Mohsin Issa, right, and Zuber Issa.

Source: EG Group Ltd

Mohsin and Zuber Issa, two of Britain’s most successful entrepreneurs, grew up in the northern ...