Leon's Restructuring: Job Losses & Turnaround Plan
Update: 2025-12-10
Description
Leon, a popular natural food chain, is undergoing a turnaround strategy after losing money, with co-founder John Vincent buying it back. The plan includes a Company Voluntary Arrangement (CVA), which may result in job losses and restaurant closures. The company aims to return to its original focus on natural foods and is currently discussing the best path forward with landlords. The hospitality sector faces challenges due to changing work patterns, taxes, and rising costs, with many businesses struggling post-pandemic.
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