Billionaire Issa brothers honoured after Asda takeover
Two Blackburn billionaire brothers have received royal honors a week after signing a £ 6.8 billion deal to buy Walmart's Asda supermarket chain.
Mohsin and Zuber Issa were among a number of directors on the Queen's Birthday List of Honors.
Emma Walmsley, General Manager of GlaxoSmithkline, was also honored.
The pharmaceutical company is one of around 20 companies that are part of a global race to develop a coronavirus vaccine.
The billionaire brothers Issa started their business 20 years ago with a rented gas station and expanded it into a network of almost 6,000 forecourt in 10 countries.
It was announced last week that the Issa brothers and private equity firm TDR Capital will acquire a majority stake in Asda.
Walmart said that under the new owners, Asda will invest £ 1 billion in the supermarket over the next three years.
People, including Ms. Walmsley, have received a number of awards for their work during the coronavirus pandemic.
After running the UK's largest pharmaceutical company for the past three years, she received merit in services to the pharmaceutical industry and business.
Part of the race to develop a coronavirus vaccine, GlaxoSmithkline (GSK) said last week it had started clinical trials with fellow drug maker Sanofi.
As managing director, Ms. Walmsley was instrumental in the company's international vaccine development efforts.
Real estate agent Tony Gallagher has been knighted for his contribution to "land development and the real estate business".
Gallagher Estates founder is a friend of former Prime Minister David Cameron and a major donor to the Conservative Party.
Andrew Mackenzie, former executive director of mining giant BHP Billiton, has been named a Knight Bachelor in Services for Business, Science, Technology and UK-Australian Relations.
Clare Woodman, the executive director of Morgan Stanley International, received a CBE in financial services.
Fashion entrepreneur Sir Paul Smith was also recognized on the annual list as a member of the Order of Honorary Companions.
There were also honors for a number of utility bosses.
Richard Flint, who recently retired as Chief of Yorkshire Water, Olivia Garfield, Chief Executive of Severn Trent, and Chris Jones, who stepped down as Chief of Welsh Water last year, will all become CBEs.
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