Britain’s billionaire Issa brothers have bought ‘healthy’ fast food chain, ‘Leon’. Arab News reports that more than 70 Leon restaurants across the United Kingdom and Europe have been sold for £100 million ($138 million) to the
EG Group. The Issa brothers, Mohsin and Zuber, and private equity firm TDR Capital, jointly own a global convenience and petrol station chain, which trades from more than 6 000 sites across 10 countries.
The brothers have purchased 42 company-owned restaurants, as well as 29 franchise sites. The franchises can be found mainly in airports and train stations across the United Kingdom as well as some European countries.
The brothers said the firm was one they had long admired, and that Leon was a ‘fantastic brand’. Arab News reports that the brand had been hard it by the coronavirus pandemic.
John Vincent, who co-founded Leon in 2004, said regarding the brothers, “They have been enthusiastic customers of Leon, going out of their way to eat here whenever they visit London.” He added, “They are decent, hard-working business people who are committed to sustaining and further strengthening the values and culture that we have built.”
Leon’s management team and staff are expected to be retained.
Umm Muhammed Umar