Story perspectives

Leon Shifts Focus to Airports Amid High Street Losses

1/16/2026

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Summary

Story summary

Leon plans to open restaurants in service stations, airports, and train stations after closing 20 High Street sites.
CEO John Vincent cites rising business rates and costs, noting £10 million in annual losses.
The company, after restructuring, will focus on London due to high costs elsewhere.
Vincent noted that airport sites yield higher revenue despite lower margins.
The government is providing a £4.3 billion hospitality package to mitigate rising costs.

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Story summary

Leon plans to open restaurants in service stations, airports, and train stations after closing 20 High Street sites.
CEO John Vincent cites rising business rates and costs, noting £10 million in annual losses.
The company, after restructuring, will focus on London due to high costs elsewhere.
Vincent noted that airport sites yield higher revenue despite lower margins.
The government is providing a £4.3 billion hospitality package to mitigate rising costs.