Page 65 - Caffe Nero News Today

Asda billionaires pile their plate high with Leon takeover The Issa brothers have ambitious plans to transform their petrol station forecourts into mini shopping centres 20 April 2021 • 6:00am Five years ago, Zuber and Mohsin Issa met with Leons co-founder John Vincent over fish and chips at the chains Holborn branch to tell him about their plans for drive-through Leon locations. In the end, that plan did not work out, but Vincent left with a strong admiration of the brothers who have buil...

EG Group buys fast-food chain Leon Print The deal includes 42 company-owned restaurants, as well as 29 franchise sites. EG Group described the acquisition as “complementary” as it looks to expand the food side of its business. It currently operates more than 700 food outlets in the UK and Ireland – including branches and drive-thrus of KFC, Starbucks, and Greggs – and plans to open about 20 new Leon outlets a year from 2022. EG Group also highlighted the importance of Leon’s own-bran...

Billionaire Asda owner brothers buy fast food chain for £100million Mohsin Issa and Zuber Issa have secured more than 70 Leon restaurants across the UK and Europe Updated Billionaire brothers Mohsin and Zuber Issa have secured a deal for fast food chain Leon (Image: Lancashire Telegraph / SWNS.com) Our Liverpool Echo newsletter is sent three times a day, PLUS breaking news updatesInvalid EmailSomething went wrong, please try again later. Sign up now When you subscribe we will use the informa...

“EG Group continues to identify innovative partnerships and acquisitions that complement our existing consumer offer and enable us to stay at the forefront of consumer trends, particularly in food service,” Mohsin and Zuber Issa, the company’s co-founders, said in a joint statement. “Our equity investment in Leon is to strengthen our own participation in the fast-growing contemporary food service segment.” The deal adds to the turbocharged expansion by EG Group, which owns the UK supe...

By Alec Mattinson2021-04-19T07:51:00+01:00 EG Group, the petrol station business whose billionaire founders have pushed for rapid growth through debt-fuelled acquisitions, has bought healthy fast-food chain Leon for £100m as it expands into food retailing (The Financial Times £). Leon has been sold for an estimated £100 million to the billionaire brothers who are buying Asda (The Times £). The billionaire brothers behind the petrol station business EG Group have snapped up the fast food c...

Asda’s billionaire owners close in on Caffe Nero takeover The Issa brothers are closing in on a takeover deal for Caffe Nero The billionaire brothers behind Asda are said to be closing in on a takeover deal for Caffe Nero after buying up the ailing coffee chain’s debts. Mohsin and Zuber Issa have bought roughly £140m of loans from Swiss private equity firm Partners Group via investment bank Morgan Stanley, the Sunday Telegraph reported. The deal puts the tycoons in prime p...

The billionaire Issa brothers who recently bought Asda for £6.8billion are poised to make a takeover bid for struggling Caffe Nero after buying up the companys debt. Mohsin, 49, and Zuber Issa, 48, could be due to take control of the coffee chain after purchasing around £140million in loans from Swiss private equity firm Partners Group via investment bank Morgan Stanley, the Sunday Telegraph reports.   Buying up the debt pile puts the Issa brothers in a strong position for takeover if Caf...

EG Group Buys U.K.’s Leon Restaurants in Growth Push This content was published on April 18, 2021 - 17:57 April 18, 2021 - 17:57 (Bloomberg) -- EG Group, the gas-station operator owned by the Issa brothers, bought British fresh fast-food chain Leon Restaurants in the latest leg of its expansion drive. EG Group said it will invest in the Leon brand and develop its menu, with plans to open around 20 new sites per year from 2022. It also sees potential to market Leon’s products across it...

Leon bought by billionaire Issa brothers for £100m Takeover of healthy fast food chain by EG Group follows the £6.8bn swoop on Asda and attempt to win control of Caffe Nero 18 April 2021 • 1:52pm Leon, the fast food chain co-founded by Boris Johnsons food tsar Henry Dimbleby, has been snapped up by the billionaire Issa brothers in a deal set to net its founders a multi-million pound fortune. EG Group, the petrol forecourts operator owned by Mohsin and Zuber Issa, said it has acquired t...

EG Group Buys U.K.’s Leon Restaurant Chain in Expansion Push This content was published on April 18, 2021 - 14:23 April 18, 2021 - 14:23 (Bloomberg) -- EG Group, the gas-station operator owned by the Issa brothers, bought British fresh fast-food chain Leon Restaurants in the latest leg of its expansion drive. EG Group said it will invest in the Leon brand and develop its menu, with plans to open around 20 new sites per year from 2022. It also sees potential to market Leon’s products a...