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LEON takes swipe at chancellor while placing hundreds of jobs at risk
The fast food chain LEON has taken a swipe at "unsustainable taxes" while moving to secure its future through the appointment of an administrator, leaving hundreds of jobs at risk.
The loss-making company, bought back from Asda by its co-founder John Vincent in October, said it had begun a process that aimed to bring forward the closure of unprofitable sites. It was to form part of a turnaround plan to restore the brand to its roots around natural foods.
It was unclear at this stage how many of its 71 restaurants - 44 of them directly owned - and approximately 1,100 staff would be affected by the plans for the so-called Company Voluntary Arrangement (CVA). Money latest: Big rise in pension drawdowns "The restructuring will involve the closure of several of LEON's restaurants and a number of job losses.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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