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Leon sold to EG Group
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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 deal, which is estimated to be worth between £80m to £100m, will crystallise a multimillion-pound stake held by Leon s co-founders, chief executive John Vincent, Mr Dimbleby and chef Allegra McEvedy.
New Asda owners snap up fast food chain Leon
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
The billionaire brothers who own supermarket giant Asda have struck a secret deal to snap up fast food chain Leon for up to £100million.
Mohsin and Zuber Issa are understood to have agreed to buy the business, co-founded by Boris Johnson’s food tsar Henry Dimbleby, in the early hours yesterday.
The Mail on Sunday understands that Leon chief executive and co-founder John Vincent has signed the deal off and is preparing to issue an announcement to staff tomorrow.
Sold: Leon has 70 restaurants across the UK and mainland Europe
Sources said Leon’s 70 restaurants across the UK and mainland Europe have been sold to the Issa brothers’ giant petrol forecourt business EG Group for between £80million and £100million.