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.
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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.”
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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.
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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
Manchester’s newest hotel launches massive recruitment drive with 100+ jobs available
Emily Sergeant
One of Manchester’s newest hotels has launched a massive recruitment drive with more than 100 jobs available to locals.
The Medlock, Manchester’s bold new 401-bedroom hotel – which is born from a partnership between Manchester City Football Club and Radisson Hotel Group, and is set to open later this year in the autumn – is looking for new team members across a wide range of areas, including front of house, housekeeping, engineering, and reservations.
To welcome these new team members onboard, the hotel has now launched a massive recruitment drive with dozens of roles available to local people.
Individuals who bring ‘authenticity, pride, and personality’ to everything they do are encouraged to apply for the roles – which go live early next week (Monday 27 April).
Aimed at boosting employment within the local community, vacancies span front-of-house, housekeeping, engineering and reservations.
The recruitment drive – delivered in partnership with Total People – is being lead by Valor Hospitality, the hotel’s operator chosen for its global expertise and people-first approach to hospitality, and will be offering tailored training programmes that are designed to make careers in hospitality accessible to Manchester residents.
Vocational qualifications across a range of skills will help individuals build confidence and step into rewarding roles in the industry, and it also means prior experience is not entirely necessary.
More than 100 roles will be available to local people / Credit: Supplied
General Manager Richard Pearson says the recruitment drive is a ‘unique opportunity to be part of an exciting partnership’.
“This is a milestone we’ve been eagerly anticipating, building the team that will bring The Medlock to life,” he added. “We’re looking for people who carry the spirit of Manchester with them, people who are proud of where they’re from and passionate about creating something special together.”
As mentioned, all job adverts will go live next Monday (27 April) so hopefuls can get their applications submitted here.
This’ll then be followed by invite-only open days for shortlisted candidates in mid May.
Featured Image – Supplied
Business
Sacha Lord set to back local hospitality again with money behind the bar of one Greater Manchester pub
Danny Jones
Local figure Sacha Lord is once again looking to help support Greater Manchester’s food and drink scene once again this spring by putting a total of £2.5k behind the bar of one lucky pub.
Well, let’s be honest, we’re about to be the real lucky ones.
It’s far from the first time that the Night Time Economy Advisor has done this, having previously put sizeable sums towards shared tabs on a few ocassions over the last few years.
Lining up his next handout for this coming early May bank holiday (perfect timing), it’s going to be a super and potentially very sloppy Sunday…
Tell me your favourite pub in Greater Manchester.
Bank Holiday Sunday 3rd May, I’ll be turning up and putting £2500 behind the bar.
Sharing the video above online earlier this week, the 54-year-old simply wrote, “Tell me your favourite pub in Greater Manchester. Bank Holiday Sunday, 3rd May, I’ll be turning up and putting £2500 behind the bar.”
The message is as straightforward as ever: “Support your local pub.”
Now obviously, the fact that people can reply with their go-to boozers and help influence the decision is one thing – something that has certainly always created an attraction each time he’s done this – but it’s also just a good way of marketing these watering holes to begin with.
Whether or not someone’s favourite public house tucked away in one of the 10 boroughs, or their bar of choice here in Manchester city centre, ends up being selected or not, it’s obviously great publicity having their names plastered on a notable social media account.
This is especially so when you see how much the post itself ends up being reshared and the overall exposure Lord ultimately lends them via creating such a big crowd discussion.
Here’s hoping we get proper beer garden weather over that long weekend.
It’s also worth noting that the further support stunts like this have helped garner support for other regional businesses – in particular, indies that are battling the cost of living crisis and so many other challenges within the sector – has proved crucial for some places to stay open to begin with.
A good example is the Thirsty Korean, who teamed up with the Altrincham-born entrepreneur to cover hundreds of bills back in 2023, and has now been able to expand into a larger venue down the road from their original Chorlton location.
The obstacles facing the hospitality industry remain varied and numerous, but gestures like this can go a long way to helping prop up those who need it.