Fast-food chain Leon has revealed plans to shut down several of its restaurants as part of efforts to save its business.

The company is set to go into administration after suffering nearly £21 million of losses over the past two years.

It comes only two months after bosses axed nearly a fifth of their workforce, blaming a ‘challenging’ year of weak consumer spending and high inflation of ingredients and other costs.

Weeks later it was bought back from Asda by co-founder John Vincent, reportedly for between £30 million and £50 million – less than half the price Asda bought it for in 2021.

In a statement, Leon said the appointment of administrators was to ‘help accelerate the restructuring of the business’ and that the ‘immediate priority is to reduce the number of loss-making restaurant

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