Leon to close sites and cut jobs as it enters administration

cityam

Dec 10, 2025

Leon was sold by Asda in November. Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turnaround the struggling chain....

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Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turnaround the struggling chain....</p>\n\n<a href=\"https://www.cityam.com/leon-to-close-sites-and-cut-jobs-as-it-enters-administration/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Leon to close sites and cut jobs as it enters administration</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLeon to close sites and cut jobs as it enters administration\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-10 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/leon-to-close-sites-and-cut-jobs-as-it-enters-administration/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Leon was sold by Asda in November. Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turnaround the struggling chain....</p>\n\n<a href=\"https://www.cityam.com/leon-to-close-sites-and-cut-jobs-as-it-enters-administration/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVA","symbol_name":"卡万塔控股","start_time":0,"source_url":"https://www.cityam.com/leon-to-close-sites-and-cut-jobs-as-it-enters-administration/","article_id":"2590536091","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/LEON-picture-2-2.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/leon-to-close-sites-and-cut-jobs-as-it-enters-administration/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590536091","pubTimestamp":1765381433,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Leon was sold by Asda in November. Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turnaround the struggling chain.The company was bought back by co-founder John Vincent last month from Asda in a deal which has been reported to have been between 30m and 50m.The potential figure of that was is well below the 100m billionaire brothers Mohsin and Zuber Issa paid for Leon in 2021.Now, it has been confirmed that Leon has applied for an administration order “for the purpose of formulating proposals for a Company Voluntary Arrangement  to help accelerate the restructuring of the business”.In a statement, the company said that Vincent and his team “the immediate priority is to reduce the number of loss-making restaurants”.The business confirmed that the Leon grocery business will not be affected by the CVA.The exact numbers of locations to be closed and jobs to be cut have not been confirmed.Leon said: “In the f","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVA":"卡万塔控股","BK4120":"环境与设施服务"},"translate_title":"莱昂进入管理阶段后将关闭工厂并裁员","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVA":1},"content_text":"Leon was sold by Asda in November. Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turnaround the struggling chain.The company was bought back by co-founder John Vincent last month from Asda in a deal which has been reported to have been between £30m and £50m.The potential figure of that was is well below the £100m billionaire brothers Mohsin and Zuber Issa paid for Leon in 2021.Now, it has been confirmed that Leon has applied for an administration order “for the purpose of formulating proposals for a Company Voluntary Arrangement (CVA) to help accelerate the restructuring of the business”.\n\nIn a statement, the company said that Vincent and his team “the immediate priority is to reduce the number of loss-making restaurants”.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLeon blamed its struggles on “changing work patterns, brought on by the Covid-19 pandemic, and also tax increases” which have “combined to place further strain on the business and the wider hospitality industry in recent years”.The business added: “Although he believes that the company drifted from its values under the ownership of EG and Asda, Vincent has been sympathetic to the challenges they had as owners.”Leon strikes deal with Pret A MangerJohn Vincent said: “In the last two years, Asda had bigger fish to fry, and Leon was always a business they didn’t feel fitted their strategy.\n\n“If you look at the performance of Leon’s peers, you will see that everyone is facing challenges – companies are reporting significant losses due to working patterns and increasingly unsustainable taxes.”Leon is now expected to “spend the next few weeks discussing the plans with its landlords” alongside advisors Quantuma “and laying out options for the future of the company”.A statement added: “Leon then plans to emerge from administration as a leaner business that can return to its founding values and principles more easily.“In the meantime all the group’s restaurants remain open serving customers as usual.”\n\nThe business confirmed that the Leon grocery business will not be affected by the CVA.The exact numbers of locations to be closed and jobs to be cut have not been confirmed.Leon said: “In the first instance, we will look to find people roles in other Leon restaurants.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}