According to media reports, the billionaire British Muslims Issa siblings are thinking about buying sandwich chain Subway for £8 billion ($9.87 billion).
The chain, which had more than 37,000 outlets in more than 100 nations in 2021, is reportedly going to be purchased by Mohsin and Zuber, who built their business empire out of a single gas station in the Greater Manchester region in 2001.
The brothers jointly own TDR Capital and Euro Garages, a company that manages more than 6,600 gas stations worldwide and has 340 Subway sites.
According to a source who spoke to the British newspaper The Sun, “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.”
Another source informed the newspaper that the brothers’ completion of the purchase would “make good sense.”
The EG Group, the biggest franchise owner of KFC in Europe, completed the £6.8 billion acquisition of supermarket giant Asda in 2021.
Additionally, it helped open the UK’s first drive-through restaurant serving Indian street food in the British town of Bolton. It also operates the Leon restaurant chain.
