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Billionaire Asda owner brothers buy fast food chain for £100million - Vimarsana News

Billionaire Asda owner brothers buy fast food chain for £100million

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 information you provide to send you these newsletters. Your information will be used in accordance with our...

Asda's New Owners Acquire Leon - Vimarsana News

Asda's New Owners Acquire Leon

19th April 2021 EG Group, the forecourt operator whose billionaire founders recently acquired Asda, has bought healthy fast-food chain Leon for £100m. Founded in 2004, Leon tapped into demand for healthier food, growing to a total of 71 company-owned and franchised restaurants, mainly across the southeast of England and a handful of European countries. However, the business, which generated sales of £115m in 2019, launched a restructuring plan at the end of last year to help it survive the drop off in trade during the pandemic. In a joint statement, EG’s Mohsin Issa and Zuber Issa ...

Leon bought by billionaire Issa brothers for £100m - Vimarsana News

Leon bought by billionaire Issa brothers for £100m

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 Johnson's 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 the restaurant company from its biggest shareholders, Active Partners and Spice Private Equity. The...