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Leon Applies for Administration, Plans CVA to Close Loss-Making Restaurants

Talks with landlords and suppliers now begin under administrator Quantuma.

Overview

  • Leon has sought an administration order to prepare a Company Voluntary Arrangement and has appointed Quantuma to oversee the process.
  • The restructuring will shut several unprofitable restaurants and lead to job losses, with the number of affected sites and roles yet to be determined.
  • All restaurants remain open for now, and the Leon grocery business is not included in the CVA.
  • The chain operates about 70 to 71 UK restaurants and employs roughly 1,120 people.
  • Co-founder John Vincent, who bought the business back from Asda last month, has created a dedicated recruitment channel with Pret A Manger for affected staff.