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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)
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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 said Leon was a “fantastic brand we have long admired”. The firm plans to use the chain to support the expansion of the food offer on its forecourt sites. ....

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