Loungers
Coverage explores the performance, expansion strategy, and operational model of one of the UK’s fastest-growing casual dining operators, including developments across its Lounge and Cosy Club brands. Reporting includes site rollouts, trading updates, menu development, regional growth strategy, and leadership insights, offering valuable perspective for professionals monitoring scalable, community-focused hospitality formats.
-
Jan- 2025 -31 JanuaryRestaurants
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. News comes after Fortress submitted a revised deal after its first attempt of 310p a share was opposed by Loungers shareholders. The revised deal of 325p implies an enterprise value…
Read More » -
Nov- 2024 -28 NovemberNews
Loungers sold to US investment firm in £338m deal
Café, bar and restaurant chain Loungers is set to be sold for £338m to US investment firm Fortress Investment Group. Loungers, which operates the Lounge, Cosy Club and Brightside concepts, currently has 280 venues across the UK. Under the terms of the acquisition, Fortress has offered 310p for each Loungers…
Read More » -
26 NovemberNews-In-Brief
Today’s news in brief – 26/11/24
CAMRA has reported that pubs will soon be unable to stock 11 beers, following the Carlsberg buy-out of the last of Marston’s UK brewing operations. The Campaign for Real Ale has expressed concern that powerful global brewers could “hugely reduce consumer choice in the UK” as CMBC axes eight classic…
Read More » -
26 NovemberRestaurants
Loungers opens fourth Brightside in Rutland
Loungers officially opened its fourth Brightside last Friday (22 November) at the Ram Jam Services in Rutland. Located alongside the main route from Peterborough to Grantham, Brightside is part of a purpose-built retail development of four units adjacent to an established petrol station and a new bakery. This opening follows…
Read More » -
Oct- 2024 -9 OctoberNews-In-Brief
Today’s news in brief – 09/10/24
Loungers’ total revenues rose 19.2% to £178.3m during H1, as it opened a total of 17 new locations. It comes as Loungers’ like-for-like sales rose by 4.7% over the period. According to the operator of brands Lounge, Cosy Club and Brightside, its performance during H1 demonstrates its ability to “consistently…
Read More » -
9 OctoberRestaurants
Loungers H1 revenues rise 19.2% to £178.3m
Loungers has reported that total revenues rose 19.2% to £178.3m for the 24-week period to 6 October, as it opened a total of 17 new locations. It comes as Loungers’ like-for-like sales rose by 4.7% over the period, representing a continuation of the like-for-like sales growth of 5% that was…
Read More » -
Jul- 2024 -19 JulyNews
Today’s news in brief – 19/07/24
Arc Inspirations has reported that sales doubled due to the Euros final, with like-for-like sales rising 79%. On the seven days that England played – including the match against Spain in the final – the five Box-branded venues in Headingley, Leeds City Centre, Manchester, Birmingham and Nottingham, saw sales jump…
Read More » -
19 JulyRestaurants
Loungers officially opens largest venue in Bristol
Loungers has officially opened its largest Lounge venue to date, Ritorno Lounge, in Bristol this week. Ritorno Lounge has opened in “the city where it all began” and is located in Bristol’s Harbourside. The venue benefits from an outside terrace overlooking Pero’s Bridge, a 10.5-metre-long feature bar, and a huge…
Read More » -
9 JulyNews
Today’s news in brief – 09/07/24
Loungers has achieved a record revenue growth of 24.7% to £353.5m in FY24, after opening 36 new sites during the year – seven more than in the prior year. The operator of Lounge, Cosy Club and Brightside has attributed its performance to a combination of decreasing inflationary pressures and its…
Read More » -
9 JulyRestaurants
Loungers revenues rise 24.7% to £353.5m in FY24
Loungers has revealed it achieved record revenue growth of 24.7% to £353.5m for the 53-week period to 21 April, after opening 36 new sites during the year – seven more than in the prior year. During the year, the operator of Lounge, Cosy Club and Brightside dining concepts saw like-for-like…
Read More »
