Billionaire Issa brother set to launch independent store

Zuber Issa, the co-owner of Big 4 grocer Asda, is reportedly opening a new non-forecourt store called Euro Grocers in his home town, Blackburn.

The new supermarket will be a standalone business, independent from the wider EG Group or Asda, which he bought along with his Brother Moshin and TDR Capital last year.

Euro Grocers is expected to be a small supermarket with a focus on fresh and frozen foods that will also include a butcher and a fishmonger. He is opening the 6,000 sq ft urban convenience store on a site he acquired from a commercial business that had closed down.

READ MORE: Asda employees share £27.8 million bonus pot

The opening date is yet to be determined. Depending on the success of the trial store, more sites could be opened in the future.

His brother and fellow EG Group and Asda owner, Moshin, is not involved in the new enterprise.

The news comes after the billionaire business tycoons purchased 6,000 petrol station forecourts globally, including Big 4 grocer Asda a year ago.

Additionally, they remain in the running to secure control of Boots, with plans to integrate it into Asda stores.

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