Mohsin Issa, former Asda CEO, makes a significant business move post-resignation.
- Issa invests £10m in the Liverpool-based sports supplement brand, Applied Nutrition.
- The investment marks his initial business endeavor since stepping down as Asda’s head.
- Issa is part of a group preparing Applied Nutrition for a London stock market debut.
- His investment aligns with a commitment to supporting UK entrepreneurs and economic growth.
Mohsin Issa, after stepping down as CEO of Asda, has embarked on his first business venture with a sizable investment of £10m in Applied Nutrition, a prominent name in the sports supplement industry based in Liverpool. The investment was made through his firm, Boulder Investco Limited, and represents a strategic move following his decision to leave Asda last month. This development was reported by the Telegraph and highlights Issa’s continued influence in the business sector.
Applied Nutrition is currently chaired by Andy Bell, founder of the investment platform AJ Bell, and holds the sports retailer JD Sports as a significant stakeholder, owning 32% of the company. Mohsin Issa joins a cadre of successful North West entrepreneurs, including Tom Morris, founder of Home Bargains, and George Downing, a property magnate, in investing in the brand. Together, they plan to own and support up to 7% of the group’s interests as it gears up for a public offering on the London stock exchange.
Alongside his brother Zuber Issa, with whom he released a joint statement, Mohsin emphasized their dedication to fostering strong UK businesses by backing capable entrepreneurs. Despite Zuber not currently investing in Applied Nutrition, the brothers’ commitment remains evident as Mohsin undertakes this significant investment. Their statement echoes their passion: “Our passion is backing great entrepreneurs and helping them to build strong UK businesses that drive growth and create jobs.”
Mohsin Issa’s investment in Applied Nutrition underscores his strategic focus on entrepreneurial growth and economic development in the UK.
