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Healthcare Business of the Year Award: Dr Nikesh Kotecha

Healthcare Business of the Year Award (supported by Bank of Baroda): Dr Nikesh Kotecha, CEO of Morningside Pharmaceuticals

Dr Nikesh Kotecha spotted an opportunity to supply branded and niche generics and was duly rewarded with a spectacular growth.


From its manufacturing plant in Loughborough, Morningside Pharmaceuticals supplies hospitals, wholesalers, pharmacy chains and export markets around the world with its strong range of branded generic medicines.

Kotecha has become a well-respected figure in the industry and was part of the business delegation accompanying Prime Minister Theresa May during her trip to India last November.

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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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