Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO

Profit at EG Group, the empire co-founded by a major investor in supermarket giant Asda, has almost been wiped out ahead of a planned £13bn float in New York. The Blackburn-headquartered group was formed by brothers Mohsin and Zuber Issa and is now co-owned by private equity giant TDR Capital. Now, new accounts filed with [...]