Mohsin Issa is a co-owned of Asda.

Billionaire Mohsin Issa, who co-owns supermarket giant Asda, has stepped down as a director of a second-hand fashion startup he backed.

The businessman is a major investor in online platform Loopi alongside Victoria Price through Boulder Investco – a fund which supports startups in the UK.

Launched in the UK in January, Loopi was co-founded by Carl and Katie Walker, Sarah Dean and Sam Hunter.

First set up towards the end of 2019, Mohsin Issa became a director of the company behind Loopi in September last year.

However, Issa stepped down from his position in recent days, according to a new filing with Companies House .

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