{"id":115806,"date":"2025-12-11T09:05:00","date_gmt":"2025-12-11T09:05:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=115806"},"modified":"2025-12-11T09:03:52","modified_gmt":"2025-12-11T09:03:52","slug":"fast-food-chain-close-several-locations","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/fast-food-chain-close-several-locations\/","title":{"rendered":"Major Fast Food Chain to Close Several Locations Amid Financial Struggles"},"content":{"rendered":"\n

Leon, known for its healthy fast food options, has been struggling with declining sales and increasing financial pressures. The company, which employs over 1,000<\/strong> staff across 66 <\/strong>sites, has revealed plans to shut unprofitable restaurants in a bid to ensure its long-term survival, though the exact number of closures has yet to be disclosed.<\/p>\n\n\n\n

Financial Struggles and the Need for Restructuring<\/h2>\n\n\n\n

According to reports, Leon’s sales have seen a decline over the past year, dropping from \u00a364.9<\/strong> million in 2023 to \u00a362.5<\/strong> million in 2024. This decline in revenue contributed to a pre-tax loss of over \u00a38 million<\/strong>, further exacerbating the chain’s financial difficulties. These figures come as the hospitality industry continues to face pressures from rising costs and an “unsustainable<\/strong>” tax burden, as described by Leon’s co-founder John Vincent.<\/p>\n\n\n\n

To combat these issues and secure its future, Leon <\/a>has appointed Quantuma<\/strong>, a specialist advisory firm, to help manage the restructuring process. The company has also applied for a CVA, which would allow it to restructure its operations and potentially close <\/a>several of its locations. Vincent<\/strong>, who co-founded Leon in 2004, indicated that some of the company’s least profitable sites would likely have to shut down, though he has not yet confirmed the number of closures.<\/p>\n\n\n\n

Despite these financial setbacks, Vincent remains focused on securing Leon’s future. The company is working on a plan to restructure its operations through a company voluntary arrangement (CVA), which would include closing a number of unprofitable locations<\/strong>. However, Leon has assured that its grocery business, which operates separately from its restaurants, will not be impacted by these changes.<\/p>\n\n\n\n

Plans to Support Affected Employees<\/h2>\n\n\n\n

In light of the expected job losses, Leon has outlined a series of measures to support its employees throughout the restructuring process. With 1,120 staff currently employed across its restaurants, the company has emphasised its commitment to providing redundancy payments<\/strong> to those who lose their roles. In the first instance, Leon will seek alternative positions for staff at other locations within the chain.<\/p>\n\n\n\n

However, for employees who are unable to relocate or find new positions within the company, the chain has set up a programme <\/strong>to assist them in securing new employment. Through a partnership with Pret A Manger<\/strong>, redundant employees will be able to apply for roles at the popular sandwich chain via a dedicated recruitment channel. This initiative is part of Leon’s effort to ease the impact of the restructuring on its workforce and offer viable alternatives to those affected.<\/p>\n\n\n\n

While the closures and job cuts represent a difficult chapter for the company, these support measures aim to mitigate the impact on staff and help maintain Leon’s positive reputation in the hospitality sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Popular fast food chain Leon has confirmed that it will close some of its UK locations, putting jobs at risk as the company faces a major financial overhaul. The move follows the appointment of administrators and comes as the chain seeks to restructure its operations under a company voluntary arrangement (CVA).<\/p>\n","protected":false},"author":10,"featured_media":115808,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-115806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/115806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=115806"}],"version-history":[{"count":2,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/115806\/revisions"}],"predecessor-version":[{"id":115811,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/115806\/revisions\/115811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/115808"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=115806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=115806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=115806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}