Leon to Cut Jobs and Close Dozens of Fast Food Restaurants Amid Restructuring
Leon, a 71-outlet fast-food chain, is set to close several restaurants and cut jobs as part of a restructuring effort aimed at managing debt. Administrators have been appointed to oversee this process, which includes plans to place the business into administration.
Co-founder John Vincent, who repurchased Leon in October 2025 after previously selling it to EG Group for about £100m in 2023, has overseen the closure of 10 outlets since the buyout, including three international franchises.
Additionally, Leon’s £25-a-month loyalty scheme, Roast Rewards, which allowed subscribers to claim up to five coffees daily and receive food discounts, will be discontinued from January. Vincent noted that some staff affected by closures will be redeployed to other Leon restaurants, and there will be job application opportunities at Pret a Manger.
Leon’s financial performance has declined, with 2024 revenue falling nearly 4% to £62.5m and recording a pre-tax loss of £8.38m according to accounts filed at Companies House. The brand has struggled particularly under Asda’s ownership, which acquired Leon along with most of EG’s UK arm in 2023.
The restructuring plan involves closing the most unprofitable outlets and, where possible, transferring leases to other brands or seeking landlord consent to release commitments.
