finance

Major fast food chain set to be taken over by billionaire brothers who own Asda


THE self-made billionaire Issa brothers are plotting an £8billion takeover of global fast-food giant Subway, The Sun can reveal.

Blackburn-born Mohsin, 51, and Zuber, 50 — who own Asda — are understood to be eyeing up the 44,000-restaurant chain.

Billionaire's Mohsin and Zuber Issa are plotting an £8bn takeover of Subway

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Billionaire’s Mohsin and Zuber Issa are plotting an £8bn takeover of SubwayCredit: Alamy
The brother's EG Group already has Subway restaurants at some of its 6,300 petrol stations

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The brother’s EG Group already has Subway restaurants at some of its 6,300 petrol stationsCredit: Getty Images – Getty

Their EG Group already has a Subway at some of its more than 6,300 petrol stations across the globe — including at the 340 filling stations in the UK.

It is thought the brothers believe US firm Subway would be an ideal fit for their growing empire.

A source said: “EG Group have felt for a while that Subway treated them the same way as other franchise partners and their massive growth hadn’t been appreciated.

“So what better way to show who’s boss than owning them.”

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Another source said: “It would make good sense.”

The Issas, who started with one petrol station, expanded their business rapidly after teaming up with TDR capital, a private equity firm.

They launched a petrol station acquisition spree before the £6.8billion takeover of Asda in 2021.

Since then EG Group has bought food chain Leon, tried to seize Caffe Nero and has explored a bid for Boots.

The brothers own a stake in upmarket sportswear brand Castore.

EG Group owns KFC’s biggest franchise and has relations with Krispy Kreme, Cinnabon, Greggs and Starbucks as well as Subway.

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It declined to comment on any Subway talks.





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