Zuber Issa, one of the two brothers who currently own the grocery giant, possesses 22.5% of Asda after the 2021 takeover of the retailer by himself, his older brother Mohsin and private equity firm TDR Capital for £6.8bn.

However, the younger Issa is said to be in discussions to sell his Asda shares to focus on EG Group, the petrol forecourt business in which the two brothers made their fortunes, according to The Sunday Telegraph.