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Saturday, May 4, 2024

These Gas-Station Entrepreneurs Favored Food Over Fuel and Got Rich

Mohsin, left, and Zuber Issa took advantage as big oil companies sold off underperforming gas stations. EG GROUP

Two brothers who became billionaires in Britain by focusing on food over fuel at gas stations are looking to roll out that model globally in the hope of finding broader success.

As teenagers, Mohsin and Zuber Issa worked at a filling station in northern England owned by their parents, who emigrated from India in the 1960s. They used that experience to expand from the purchase of a single derelict site nearby into one of the world’s largest independent gas-station operators, with over 6,000 sites across Europe, and more recently in Australia and the U.S.

They took advantage as big oil companies sold off underperforming gas stations, snapping up sites in the U.K. and then in Europe. Their…

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