The fast food chain LEON has moved to appoint administrators in a bid to secure its future, leaving hundreds of jobs at risk.
The loss-making company, bought back from Asda by its co-founder John Vincent only last month, said it had begun a process that aimed to close unprofitable sites.
It was unclear at this stage how many of its 71 restaurants – 44 of them directly owned – and approximately 1,100 staff would be affected by the so-called Company Voluntary Arrangement (CVA).
“The restructuring will involve the closure of several of LEON’s restaurants and a number of job losses”, a statement said.
“The company has created a programme to support anyone made redundant.”
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