The quick meals chain LEON has taken a swipe at “unsustainable taxes” whereas transferring to safe its future by way of the appointment of an administrator, leaving a whole bunch of jobs in danger.
The loss-making firm, purchased again from Asda by its co-founder John Vincent solely final month, stated it had begun a course of that aimed to shut unprofitable websites.
It was unclear at this stage what number of of its 71 eating places – 44 of them straight owned – and roughly 1,100 employees could be affected by the plans for a so-called Firm Voluntary Association (CVA).
“The restructuring will involve the closure of several of LEON’s restaurants and a number of job losses”, an announcement stated.
“The company has created a programme to support anyone made redundant.”
It added: “LEON and Quantuma intend to spend the next few weeks discussing the plans with its landlords and laying out options for the future of the Company.
“LEON then plans to emerge from administration as a leaner enterprise that may return to its founding values and ideas extra simply.
“In the meantime, all the group’s restaurants remain open, serving customers as usual. The LEON grocery business will not be affected in any way by the CVA.”
Mr Vincent stated. “If you look at the performance of LEON’s peers, you will see that everyone is facing challenges – companies are reporting significant losses due to working patterns and increasingly unsustainable taxes.”
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