Loungers

Today’s news in brief – 02/05/25

McDonald’s has seen its international sales dip 1% in Q1, with US sales falling by 3.6% over the period. That…

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Fortress and Lion Capital secure £30m loan to support Loungers deal

Lion Capital and Fortress Investment Group have secured a £30m club loan from OakNorth to support the acquisition of Loungers,…

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Today’s news in brief – 11/04/25

NWTC has seen a 9% improvement in like-for-like sales across the last four quarters, following the appointment of a new…

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NWTC’s new strategy brings 9% like-for-like sales uplift

Bar and restaurant operator, New World Trading Company (NWTC), has seen a 9% improvement in like-for-like sales across the last…

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Yard Sale Pizza secures growth investment from Piper

Yard Sale Pizza has secured an investment from private equity firm Piper to fund growth across the capital and into…

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Private equity in hospitality: a lifeline or a looming takeover?

French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity…

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Today’s news in brief – 28/02/25

Papa John’s full-year revenues fell by 4% to $2.06bn (£1.64bn), as global restaurant sales fell by 3% to $4.85bn (£3.85bn).…

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Heavenly Desserts and Burger and Sauce set to open in Merry Hill

Heavenly Desserts and Burger and Sauce are set to open two new locations in Merry Hill shopping centre. Opening in…

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Today’s news in brief – 31/01/25

Loungers has agreed to Fortress Investment Group’s £354.4m takeover bid. News comes after Fortress submitted a revised deal after its…

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Loungers agrees to £354.4m Fortress takeover deal

Loungers has revealed that 94% of its shareholders have voted in favour of accepting Fortress Investment Group’s £354.4m takeover bid. …

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