Major British sports brand confirms 24 store closures in latest blow to embattled high street
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Iconic British restaurant chain confirms 23 site closures after entering administration.
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Leon Restaurants has confirmed the permanent closure of 23 UK sites following a major restructuring programme aimed at rescuing the struggling chain.
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The healthy fast‑food brand said it expects to exit administration after co‑founder John Vincent injected £2.5million into the business as part of a wider turnaround plan.Leon entered administration in December after facing mounting financial pressures, with administrators from BTG Advisory and Quantuma appointed to assess options for the company.
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Details of a proposed Company Voluntary Arrangement are now being published, with creditors due to vote on May 27.
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TRENDING Stories Videos Your Say Following the restructure, Leon will continue trading with 43 sites.
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Major British sports brand confirms 24 store closures in latest blow to embattled high street.
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JD Sports Fashion has closed 24 stores across the UK over the past year as the retailer pushes ahead with plans to operate "fewer, bigger, better" locations.The sportswear giant said the closures formed part of a wider consolidation strategy focused on larger flagship-style stores rather than a reaction to financial difficulties.The company, which operates around 4,811 stores worldwide, reported annual pre-tax profits of £852million for the financial year ending January 2026.That marked a decline of 6.4 per cent compared with the previous year.
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TRENDING Stories Videos Your Say Total organic revenue rose to £12.66billion, representing growth of 2.1 per cent when acquisitions were excluded from the figures.JD Sports also warned that the ongoing conflict involving Iran could eventually place further pressure on costs across its operations.Although the retailer has only a limited presence in the Middle East through a small number of franchised stores, it said wider economic uncertainty...
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