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Fast Growth Business Award: Mahmud Kamani

Fast Growth Business Award (supported by the Karali Group): Mahmud Kamani, founder of Boohoo.com

Mahmud Kamani is a visionary in the fashion world, being quick to spot the potential the internet held for retail and taking advantage of the technology to sell directly to his customers. Boohoo’s line of chic and stylish clothing has been a huge hit amongst 16 to 24 year olds, allowing the company to expand overseas and celebrate strong growth as revenues rose 41 per cent in Europe and 93 per cent in the US.

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Leon

Since Vincent's buyout, 10 outlets have already closed, including three overseas franchises

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Leon to close restaurants and cut jobs as home working hits sales

Highlights

  • Leon considering closures among its 54 restaurants following shift to home working.
  • Chain appoints Quantuma administrators after 10 outlets already shut since October buyout.
  • Sales fell nearly 4 per cent to £62.5m in 2024 with pre-tax loss of £8.38m.

Fast food chain Leon is planning to close restaurants and cut jobs less than two months after being bought back from Asda by co-founder John Vincent, as the shift to home working continues to impact demand for takeaways.

The chain announced on Wednesday it had appointed administrators from Quantuma to lead a restructuring programme, though it did not specify how many of its 54 restaurants would close or how many staff would be affected.

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