All the updated news related to loungers

All the news related to loungers updated in real time

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City

FTSE 100 rises but tax policy reversal a ‘sticking plaster’ on market turmoil

London markets have closed in the green after an extraordinarily turbulent week that ended with the Chancellor ousted and the Prime Minister reversing a key policy in their fiscal plan. It has been a difficult week for the FTSE 100 which closed at ...

14 Oct 2022 at 18:45

City

Loungers profits dip over costs but bosses ‘optimistic’ for Christmas trade

Café restaurant chain Loungers has revealed lower profits following the impact of soaring cost inflation and the end of government pandemic support but said it is “optimistic” about Christmas trading. The company, which runs 175 Lounge and 35 ...

30 Nov 2022 at 14:10

City

Loungers eyes 34 new sites as expansion drives record sales

Cafe restaurant chain Loungers has said it plans to open 34 more venues over the next year as it hailed record revenues. The group, which runs individually-branded Lounge sites and Cosy Club venues, revealed that revenues jumped by 19% to ...

12 Jul 2023 at 16:39

City

Loungers sees record revenue and says inflation has eased

The business behind the Lounge, Cosy Club and Brightside brands has said its revenue hit new highs in the last financial year and it benefitted from easing inflation. Loungers said on Friday that revenue had reached £353.5 million in the ...

26 Apr 2024 at 08:53

City

Loungers reports revenue jump as inflation pressures ease

Loungers, which runs hundreds of cafe bar and restaurant sites around the UK, said that its growth has accelerated in recent weeks. The business said that sales rose 7.7% in the 24 weeks to the start of October. It was up from 5.7% ...

13 Oct 2023 at 08:20

City

Hospitality chain Loungers targets 19 more openings

Cafe bar chain Loungers has revealed plans to open 19 more sites over the rest of the financial year as it continues to push forward with its expansion plans despite pressure on consumer spending. Shares in the company moved ...

14 Oct 2022 at 11:41

City

Loungers to accelerate expansion as it shrugs off cost-of-living pressures

Cafe bar chain Loungers plans to accelerate the opening of new venues as bosses said the company has yet to see any shift in customer demand despite the cost-of-living crisis. Shares in the hospitality firm lifted higher on ...

13 Jul 2022 at 14:08

City

Hospitality firm Loungers to open 18 venues in next six months

Cafe bar business Loungers has said it is on track to open another 18 venues in the next six months as it revealed higher sales driven by its expansion plan. Shares in the London-listed business, which runs 273 venues ...

08 Oct 2024 at 13:26

City

Fortress ups takeover bid for hospitality chain Loungers to £354m

US private equity firm Fortress has increased its takeover bid for cafe bar business Loungers after pushback from investors. Fortress Investment Group said it has now made a 325p-per-share offer to buy the ...

15 Jan 2025 at 15:57

City

Loungers strikes deal to be bought by US investment firm for £338m

Cafe bar business Loungers has agreed to be bought by a US investment group in a deal which values it at about £338 million. Fortress Investment Group said it has made an offer for the UK hospitality ...

28 Nov 2024 at 12:18

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