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Loungers upgrades financial expectations following post-Christmas bounce-back

26 April 2022 by

Loungers, the operator of 164 Lounge café bars and 31 Cosy Club restaurant bars, has said it expects profitability for the financial year to be slightly ahead of market expectations in light of the group’s strong performance post-Christmas.

News

Loungers reports strong sales but recruitment ‘remains tough’

01 December 2021 by

Loungers, operator of 153 Lounge café-bars and 31 Cosy Cub restaurant-bars across England and Wales, has reported revenue growth of 91.4% to £102.4m in its financial results for the 24 weeks ended 3 October 2021.

Loungers reports like-for-like sales growth of 26.6% News

Loungers reports like-for-like sales growth of 26.6%

15 October 2021 by
Loungers reports like-for-like sales up 23.7% News

Loungers reports like-for-like sales up 23.7%

21 July 2021 by
Loungers confirms four openings before the end of May News

Loungers confirms four openings before the end of May

09 April 2021 by
Loungers hires new chief operating officer and approaches 2021 'with enthusiasm and optimism' News

Loungers hires new chief operating officer and approaches 2021 'with enthusiasm and optimism'

02 December 2020 by

Loungers looks to restart roll-out, saying Covid-19 has ‘strengthened our belief’ in scalability News

Loungers looks to restart roll-out, saying Covid-19 has ‘strengthened our belief’ in scalability

16 September 2020 by

Like-for-like sales increases of 30% in the last 10 weeks have seen Loungers look to reignite[...]

Consumer confidence slides following 'rule of six' restriction News

Consumer confidence slides following 'rule of six' restriction

11 September 2020 by

The new restriction banning gatherings of more than six people from Monday has left nearly a[...]

Loungers reports like-for-like sales down just 1.7% News

Loungers reports like-for-like sales down just 1.7%

05 August 2020 by

Loungers has said like-for-like sales across its 165-site estate have been just 1.7% down since it[...]

'Encouraging' reception sees Loungers accelerate opening programme but two sites remain shuttered News

'Encouraging' reception sees Loungers accelerate opening programme but two sites remain shuttered

16 July 2020 by

Loungers has accelerated its reopening programme after being “encouraged” by the early response, although it has[...]

News

UKHospitality calls for targeted financial support for operators affected by local lockdowns

Targeted financial support is needed for businesses who are unable to reopen on 4 July says UKHospitality, as Leicester operators are forced to put opening plans on hold."

30 June 2020 by
Loungers 'optimistic' about July reopening with smaller menus and revised layouts News

Loungers 'optimistic' about July reopening with smaller menus and revised layouts

04 June 2020
by

Loungers has said it is “optimistic” about a July reopening and in a “strong position” with regards to the future, anticipating it can benefit from increases in home-working across the UK.

Loungers raises £8.3m through share placing News

Loungers raises £8.3m through share placing

23 April 2020
by

Loungers, which operates 167 Lounge and Cosy Club sites, has raised approximately £8.3m through a share placing yesterday.

Loungers latest to look to share placing as it commits to resuming roll-out post-closure News

Loungers latest to look to share placing as it commits to resuming roll-out post-closure

22 April 2020 by

Loungers, the operator of 167 Lounge and Cosy Club sites, is the latest hospitality business to[...]

Speakers confirmed for Casual Dining 2020 Products

Speakers confirmed for Casual Dining 2020

19 February 2020 by

The Casual Dining show has confirmed its biggest opening list of speakers to date, with chief[...]

Loungers sees potential to triple estate to 500 sites News

Loungers sees potential to triple estate to 500 sites

04 December 2019 by

Loungers bosses believe there is the potential to triple its UK estate to 500 sites.

Casual Dining reveals features and big names for 2020 News

Casual Dining reveals features and big names for 2020

29 November 2019 by

James Spragg, CEO of the Casual Dining Group, Steve Holmes, CEO of Azzurri Group and David[...]

News

Loungers reports 22% revenue growth as portfolio continues to expand rapidly

Loungers has reported 22% revenue growth in the 24 weeks to 6 October 2019, as its portfolio of all-day restaurants and cafés reached 156. "

16 October 2019 by
Loungers celebrates ‘strong performance in transformational year’ News

Loungers celebrates ‘strong performance in transformational year’

28 August 2019
by

Loungers has celebrated “strong trading performance in a transformational year” for the restaurant-café-bar operator

Loungers opens 150th venue and sets sights on 500 nationwide Restaurant

Loungers opens 150th venue and sets sights on 500 nationwide

12 June 2019
by

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The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

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