Leon, the UK’s healthy fast-food chain, is closing 20 underperforming stores and cutting jobs as part of a major restructuring plan. The decision follows an £8 million loss last year and aims to bring the brand back to its roots after co-founder John Vincent bought it back from Asda in October. Leon has entered a Company Voluntary Arrangement (CVA) with administrators to reduce costs and renegotiate rents, citing rising taxes, high operating expenses, and reduced city-centre footfall due to hybrid working. While the exact number of job losses is unclear, Leon has promised support for affected staff, including priority rehiring and a partnership with Pret a Manger for alternative roles. Vincent says the restructure will allow Leon to focus again on its mission of providing natural, wellness-driven food.
BBQ - Explain two reasons why Leon decided to close 20 stores and restructure its business.
