Leon minority stake acquired for £25m to boost expansion plan

Leon minority stake acquired for £25m to boost expansion plan

Healthy fast food chain Leon has had a significant minority stake acquired for £25m by Swiss investment firm Spice Private Equity.

Spice said its investment would help the group continue its ongoing plan to expand further across the UK, and to launch in the US later this year, according to our sister publication MCA.

Originally founded in 2004 by John Vincent and Henry Dimbleby with Allegra McEvedy, Leon currently has 46 sites in the UK, and two in the Netherlands.

Last year it announced plans to expand by 50 new sites by 2020, after securing £19m in investment from bank OakNorth.

It then said it planned to create 1,000 new jobs in the process.

Leon has also sought to promote friendly employment and production practices, such as introducing specific ‘parent shifts’ to encourage flexible working hours; and opening its most ‘eco-friendly’ and ‘child-friendly’ store in Oxford in November last year, which included a customer waste recycling system, totally biodegradable coffee cups, and a children’s library from Oxfam.

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