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Business

Former Asda owner launches investment fund, backs secondhand platform GoThrift

Billionaire businessman Mohsin Issa, alongside his partner Victoria Price, has launched a new private investment fund, through which the duo have set out on the goal of backing UK start-ups. One of the first moves by the Jersey-based investment vehicle, Boulder Investco, has been to take a significant stake in secondhand clothing platform...

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Asda co-owner Mohsin Issa steps down from executive role

Struggling British supermarket chain Asda has announced that Mohsin Issa is stepping back from his executive leadership role to focus on his previously announced responsibility as sole CEO of EG Group. The company said in a release that Stuart Rose will assume Issa’s executive responsibilities alongside Rob Hattrell until a new CEO is recruited....

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