ASDA convenience stores set for 300 forecourts
The billionaire Issa brothers – Asda’s new owners are reportedly planning to open as many as 400 Asda convenience stores across their EG Group estate. According to The Sunday Times, Mohsin and Zuber Issa are planning to roll out “Asda on the Move” stores to 400 UK forecourts, following a successful trial of five of these sites.
The brothers acquired Asda last year with private equity firm TDR Capital after Walmart agreed to a £6.8 billion sale. The first “Asda on the Move” site opened in Walsall in October 2020.
In June, the brothers agreed to sell off 27 forecourts following a probe by the Competition and Markets Authority (CMA) who voiced concerns that it could increase petrol prices. At the time of the CMA approving the takeover, EG Group operated 395 petrol stations while Asda owned 323 sites.
The brothers started with one petrol station and convenience store in the eighties and have steadily grown their business empire since then – through the EG Group and the significant acquisition of Asda from Walmart.
Asda petrol stations in Northern Ireland are located in Bangor, Newtownards, Coleraine, Ballyclare, Craigavon, Enniskillen and Strabane. The role out of Asda convenience stores has begun following the successful pilot in five stores in England – it is unclear if and when they will appear in the province.