Overview
- The fast-casual chain appointed Quantuma as administrators last month and is pursuing a restructuring plan with landlords.
- About 20 high-street sites are being shut as the company pivots toward higher-footfall transport hubs perceived to deliver stronger returns.
- Co-founder John Vincent said annual losses are around £10 million, citing rising operating costs and changes to business rates.
- Business-rate relief has been scaled back and is due to be removed entirely in April 2026, which the company says increases pressure on high-street locations.
- Job cuts are expected, with Leon setting up a redundancy support programme and a dedicated recruitment channel for affected staff at Pret A Manger.