EG Group
Reporting on strategy, acquisitions, and F&B partnerships at a global convenience and forecourt operator with a growing footprint in the UK foodservice sector. This section explores brand collaborations, QSR rollouts, estate performance, and leadership decisions, offering insight for operators and hospitality professionals tracking how retail-led formats are reshaping food-to-go, roadside dining, and high-footfall catering across the UK.
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Nov- 2025 -3 NovemberRestaurants
Leon founder buys back chain from Asda
Leon Restaurants has been acquired by co-founder John Vincent after Asda sold the chain for an undisclosed price. The deal includes 46 Leon restaurants and 20 UK franchise sites, as well as three in the Netherlands and one in Italy. Around 1,120 Leon staff will transfer to the new ownership.…
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Sep- 2025 -10 SeptemberBusiness
Cinnabon to close all UK stores as EG On The Move shifts strategy
Cinnabon is set to disappear from the UK high street after operator EG On The Move confirmed it will shut all remaining sites as part of a business restructure. The firm, which partnered with the US bakery brand in 2020, said the closures reflect a decision to concentrate on its…
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3 SeptemberCafes and Coffee Shops
Asda owner TDR Capital mulls bid for Costa Coffee
Asda owner TDR Capital is among the investment groups considering an acquisition of Costa Coffee as owner Coca-Cola explores a potential sale, according to the Financial Times. Coca-Cola has hired Lazard to advise on options for the UK’s largest coffee chain, which it bought from Whitbread in 2019 for £3.9bn. …
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Jan- 2025 -29 JanuaryPeople
Boxpark appoints new chief financial officer
Hospitality and leisure group Boxpark has announced the appointment of Chris Burford as the group CFO to support and strengthen the operations and growth strategy of the business. With over 25 years’ experience working across private equity and venture capital backed enterprises in the hospitality, leisure, and retail sectors, new…
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Apr- 2024 -19 AprilPeople
Asda appoints new MD for Leon
Leon owner Asda has announced the appointment of the former Tapas Revolution executive, Mac Plumton, as the new managing director of the healthy fast food chain. Plumpton will succeed Ashley Davis, who has served in an interim capacity as MD since November 2023. Davis is set to depart Leon in…
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Dec- 2023 -6 DecemberNews
EG Group to sell 218 KFC franchise restaurants
EG Group has announced that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional…
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Sep- 2023 -20 SeptemberPubs and Bars
Arc Inspirations sales jump 7.5% amid expanded estate
Bar group Arc Inspirations has announced an annual sales growth of 7.5% up to £40.8m for the year ended 26 March 2023. Alongside this the company posted an adjusted EBITDA of £3.84m, overcoming economy-wide inflationary and staffing pressures. Company EBITDA for the year was lower than the previous period, which…
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Aug- 2023 -25 AugustBusiness
Subway sold to Roark Capital
Subway has announced that it has entered into a definitive agreement to be acquired by affiliates of private equity firm Roark Capital for an undisclosed sum. The company has branded this is a “major milestone” in the company’s transformation journey, combining Subway’s global presence and brand strength with Roark’s deep…
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Mar- 2023 -30 MarchFood and Drink
EG Group weighs up £8bn Subway takeover
The EG Group, which owns Asda, is reportedly considering an £8bn takeover of sandwich chain Subway, according to the Sun. Mohsin and Zuber Issa, the owners of EG, are said to be considering adding Subway to its portfolio that already includes Leon and KFC’s biggest franchise. EG Group already has…
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13 MarchFeatures
A growing pride: The takeover and expansion of Leon
Tell me a little bit about the history of Leon? Leon was founded in 2004 with the mission to make it easy for everybody to eat and live well. We created Naturally Fast Food and have always championed seasonal, Mediterranean-inspired and free-from food, and we were the first to display…
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