Leon receive £25 million cash injection for US launch
LONDON, UNITED KINGDOM – It was reported today that UK-based healthy fast-food chain Leon, has received a £25 million investment from Swiss private equity firm Spice. The investment will be used to grow the business and help launch Leon in the US during the second half of 2017.
Spice Private Equity will now hold a ‘significant’ majority stake in the company, alongside long-term investor Active, and Leon co-founder, John Vincent.
Mr. Vincent said Leon aims ‘to become the world’s leading natural fast-food company’ but were ‘proceeding with caution’ with the US launch.
In a quote in the Evening Standard, Mr. Vincent said ‘The principle is to fire bullets, then cannon balls. No one from the UK goes to America and sees it as an easy ride. Just because we speak the same language doesn’t mean to say we have the same culture.’
Leon currently operate 46 outlets in the UK and two in The Netherlands.