💨 Abstract

Fast-food chain Leon is shutting down several restaurants and entering administration due to nearly £21 million in losses over two years. This follows a 20% workforce reduction and a buyback from Asda by co-founder John Vincent for £30-50 million. The company blames increased working-from-home, high taxes, and neglect under previous ownership for its struggles. The exact number of affected restaurants and job losses is unclear, but efforts will be made to reassign staff.

Courtesy: Sam Courtney-Guy