The billionaire Issa brothers, who have recently acquired Asda, have now bought the British fast food chain, Leon.
In the acquisition, more than 70 Leon restaurants across the UK an Europe have been sold to the brothers’ petrol forecourt business, EG Group. In a joint statement, the brothers, Mohsin Issa and Zuber Issa said that Leon is a “fantastic brand we have long admired.”
The deal includes 42 company-owned restaurants along with 29 franchise sites, which are mainly found in travel destinations such as airports and train stations. Most of these are located in the UK however a handful are located in European countries such as the Netherlands and Spain. According to EG Group, the brother’s intend to open around 20 new outlets a year from 2022.
John Vincent, Leon Co-Founder, commented: “In some ways this is a sad day for me. We have tried, done some good things, made a healthy amount of mistakes, and built a business that quite a few people are kind enough to say that they loved.”
