The billionaire Asda-owning Issa brothers are believed to be eyeing fast food giant Subway in a reportedly £8bn takeover.
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Mohsin, 51, and Zuber, 50, are believed to be looking to acquire a restaurant chain that they think would fit well into their empire.
Brother-owned EG Group already has Subway restaurants at some of its more than 6,300 gas stations worldwide, 340 of which are located in the UK.
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The source said Sun: “EG Group felt for a while that Subway treated them the same as other franchise partners, and their massive growth was not appreciated. So the best way to show who’s boss is to own them.”
The titans of the business, the children of immigrants who moved to Blackburn from Gujurat, India in the 1970s, quickly expanded their business after merging with TDR capital.
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Mohsin, 51, and Zuber, 50, are believed to be looking to acquire a restaurant chain that they think would fit well into their empire.
They started with one filling station but went on to acquire several stations before embarking on a successful £6.8bn takeover of supermarket giant Asda in 2021.
They started with one filling station but went on to acquire several stations before embarking on a successful £6.8bn takeover of supermarket giant Asda in 2021.
The deal also included a network of petrol stations.
Walmart was thought to have taken a liking to Issa’s entrepreneurial flair and the ability to locate Asda convenience stores at EG gas stations.
Since then, brother’s EG Group has acquired the Leon food chain and has made an effort to add Caffe Nero to its collection of businesses.
It is also believed that they were considering a takeover bid for Boots.
The group also owns the largest KFC franchise and maintains close working relationships with popular UK restaurants such as Greggs, as well as Starbucks, Krispy Kreme and Cinnabon.
