LEON PLANNING TO OPEN OUTLETS IN THE US FOLLOWING CASH INJECTION
Healthy fast food chain Leon is planning to launch in the US after receiving a £25 million cash injection from a Swiss private equity firm.
The restaurant group has secured backing from Spice Private Equity, which now holds a majority stake in the company alongside co-founder John Vincent and long-term investor Active.
Leon currently has 46 restaurants in the UK and two in the Netherlands, and the fresh investment will see the firm open its first outlets in the US in the second half of 2017.
Mr Vincent said: “To be successful Leon needs the right purpose, the right leaders and the right investors.
“To become the world’s leading natural fast food company, we need partners who share the vision and can help make it happen.
“We are fortunate to have been approached by many potential partners.