Blackburn’s billionaire Issa brothers have today acquired the healthy fast food chain LEON for reportedly close to £100 million.
Just months after making a record-breaking £6.8 billion deal to purchase supermarket chain ASDA from US shopping giant Walmart, 70 LEON restaurants across the UK and Europe have now been sold to Mohsin and Zuber Issa to form part of their giant petrol forecourt business EG Group.
EG Group said that the acquisition is “complementary” as it seeks to expand the food side of its business, and has plans to open around 20 additional LEON sites a year from 2022.
The deal includes 42 company-owned restaurants, as well as 29 franchise sites, which are mainly found in airports and train stations across the UK – including a Manchester branch based in Manchester Piccadilly station – and a handful of European countries, such as the Netherlands and Spain.
EG Group has also committed to keeping on LEON’s management team and staff.
ADVERTISEMENT
EG Group is pleased to announce that it has acquired LEON Restaurants Limited, a prominent British fresh fast food restaurant chain. #EGGrouppic.twitter.com/AatDmQmtAR
Speaking about the acquisition of LEON in a joint statement, the Issa brothers said: “Leon is a fantastic brand that we have long admired.
“As established entrepreneurs in the food service retail market ourselves, we have a huge admiration for the business that John and the Leon team have built over the years, and firmly believe that their culture and values closely align with our own.”
ADVERTISEMENT
Mohsin and Zuber Issa started out life as entrepreneurs in a garage, which their dad – who had worked in a woollen mill – bought, before branching out on their own by first renting a petrol station for two years, then buying their first forecourt – a derelict freehold site in Bury in 2001 – and forming Euro Garages.
The EG Group now has almost 6,000 sites across 10 countries, from the UK to the US and Australia.
It runs outlets for Greggs, Starbucks and KFC, and employs 44,000 people.
ADVERTISEMENT
EG Groupd / Issa Brothers
LEON was founded in London in 2004 by John Vincent, Henry Dimbleby and Allegra McEvedy, with an importance placed on creating a menu of “healthy fast-food”.
Mr Vincent said that “in some ways this is a sad day for me, to part company with the business I founded 17 years ago in Carnaby Street”, but admitted he was “confident under the new ownership”.
He added that he has “had the pleasure of getting to know Mohsin and Zuber [Issa]” over the last few years.
“They have been enthusiastic customers of LEON, going out of their way to eat here whenever they visit London. They are decent, hard-working business people who are committed to sustaining and further strengthening the values and culture that we have built”.
Mr Vincent also said he is keen to watch the the brand “flourish and have even greater appeal to a broader customer base, especially outside of London”.
Featured Image – LEON
Business
Huge new aparthotel planned for Manchester’s Gay Village
Daisy Jackson
Plans have been revealed to transform an underused building on the edge of the city’s iconic Gay Village into a 261-room aparthotel.
If it all goes ahead, Boulton House on Chorlton Street will turn into Joyce by The James, delivering serviced apartments to visitors to Manchester.
This exciting new chapter is planned for a 1970s office block in the city centre, which will be redeveloped and extended.
The building was acquired by The James, a family-run developer and operator, last July. They already operate an aparthotel across down close to The Printworks.
It will operate under their short-stay brand Joyce by The James, offering luxury short-term serviced apartments for stays anywhere between one night and 12 weeks.
Each apartment will ‘combine the comfort of home with the convenience of high-end hospitality’ with an opening date pencilled in for 2027.
Guests would have access to a 24-hour on-site management team, a social lounge, outdoor terrace, business lounge, gym and games room.
The plans also include ground-floor commercial space to activate the street, step-free access, and a zero-parking strategy to encourage sustainable travel.
Joyce by The James hopes to contribute to the Council’s ambition of being the most visited city region outside of London and a top 20 European destination by 2030.
A Manchester-based team including SimpsonHaugh, Deloitte and Font Comms are advising Joyce by The James, with ambitions to boost the vibrancy of the Chorlton Street, Major Street and Bloom Street intersection.
The existing site of the proposed Joyce by The James aparthotel in the Gay Village. Credit: The Manc Group
Aron Azouz, Co-Founder at The James, said: “Joyce by The James will give Boulton House a meaningful role in the life of the future neighbourhood.
“Our ambition is that through the creative and dynamic refurbishment of the building as it enters the end of its current life cycle, the Joyce remains as a long-lasting part of the fabric of Chorlton Street and the Gay Village neighbourhood and makes an improved contribution to the area’s energy, character and identity.”
Grant Sulkin, Co-Founder at The James added: “We understand the value of listening to the local community as part of the planning process.
“We want to hear from people who know and love this part of Manchester, their insight will be vital in helping us get this right and we are excited to introduce Joyce by The James to the public!”
The James are now inviting local residents, businesses and community groups to share their views on the plans, with public consultation open until Friday 16 May 2025.
Joyce’s team will be hosting a drop-in event on Thursday 8 May, 3-7pm at the Boulton House Foyer, 17-21 Chorlton Street, Manchester. There will also be an online Q&A on Tuesday 13 May from 6-7pm – head HERE for more.
A FREE home show is coming to Manchester next month
Daisy Jackson
A brand-new event is heading to Manchester in May that’s been created to help people get on the first rung of the property ladder.
Whether you’re overwhelmed by taking that first step or wanting to find out more about affordable homeownership options, the Manchester Home Show promises to be a one-stop shop.
You’ll be able to chat to experts, receive FREE financial and legal advice, and learn all about schemes like Shared Ownership.
How do you actually buy a house? How can you boost your savings? How do you cope with the rising costs of owning a home? All these questions will be answered at the Manchester Home Show.
You’ll even be able to browse for a home, with leading providers showcasing new properties available across Manchester and the North West, each one suited to first time buyers, second-steppers and those looking to downsize.
There’ll be hundreds of affordable homes available to browse, from apartments to spacious homes.
If you spot your dream home, you’ll even be able to register your interest on the spot.
Sponsors of the event include major providers of first time buyer developments including Gecko Homes, L&Q, Places for People, Plumlife, and Tembo.
The free event will help you get to grips with the vast array of affordable homeownership options available.
Manchester Home Show is taking place in May
Expect live sessions and workshops, plenty of information on affordable housing products, and the chance to meet conveyancing solicitors and mortgage advisors with free one-on-one appointments.
You may also discover affordable buying schemes you didn’t know existed, like Shared Ownership, Deposit Unlock, First Homes, and schemes exclusive to people aged 55 and above.
There’ll be exclusive merchandise, prizes and incentives for all attendees.
The Manchester Home Show comes from Share to Buy, the country’s number one property portal dedicated to affordable homeownership.
The Manchester Home Show will take place on Saturday 31 May 2025 between 10.30am and 4pm, at the Mercure Manchester Piccadilly Hotel.
It’s free to attend but you’ll need to register for tickets – head HERE to register.
You can also follow @sharetobuy on Instagram HERE for the latest.
The Manc -
19th April 2021 
