Mohsin Issa

Mohsin Issa
Born July 1971 (age 47)
Blackburn, England
Citizenship British
Occupation Owner of Euro Garages
Net worth £1 billion (with brother)
Relatives Zuber Issa (brother)

Mohsin Issa (born July 1971)[1] is a British billionaire, businessman and founder of Euro Garages, a chain of petrol filling stations that operate in the United Kingdom and Europe.[2]

Early life

Born in Blackburn in 1971, Issa's father originally came to the UK to work in the textile industry from Gujarat, India.[3][4]

Career

Before founding Euro Garages, Issa and his brother, Zuber, took out a lease on a garage, and saved up the money to buy their first petrol station.[5]

Issa co founded Euro Garages with his brother, Zuber, in 2001, with the acquisition of a single petrol station in Bury, Greater Manchester. The original site cost £150,000.[4]

Issa runs the business day to day while his brother, Zuber, is responsible for strategy and acquisitions.[5] The company grew through a series of acquisitions.[6]

As of 2017, Euro Garages is Europe's largest independent petrol station operators, and had sales of £5 billion.[4][7]

In February 2018, it was announced that Euro Garages would acquired 762 convenience stores in the United States from Kroger.[8]

Personal life

In 2017, the Issa brothers bought a £25 million mansion in Knightsbridge, London, previously owned by Achilleas Kallakis.[7][4] The brothers applied for planning permission to create a three story basement.[4][7]

References

  1. ↑ "Mohsin ISSA - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2018-03-02.
  2. ↑ "About Us". EG Group. 2017-08-22. Retrieved 2018-03-02.
  3. ↑ Robert Watts, Alastair McCall and (2017-05-07). "High-octane rise of brothers' firm shows family value". The Sunday Times. ISSN 0956-1382. Retrieved 2018-03-02.
  4. 1 2 3 4 5 "Self-made billionaire brothers buy £25m Knightsbridge home". Mail Online. Retrieved 2018-03-02.
  5. 1 2 "Band of brothers: Why sibling-run firms work - Real Business". Real Business. 2010-11-29. Retrieved 2018-03-02.
  6. ↑ Ltd, Insider Media. "Acquisitions drive growth at Euro Garages". Insider Media Ltd. Retrieved 2018-03-02.
  7. 1 2 3 "Rags-to-riches brothers swap Blackburn terrace for £25m Knightsbridge mansion". The Sun. 2017-11-06. Retrieved 2018-03-02.
  8. ↑ "Blackburn-based Euro Garages to expand into US with $2bn acquisition". Lancashire Telegraph. Retrieved 2018-03-02.
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