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.
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Jul- 2024 -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…
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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…
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Jun- 2024 -12 JuneNews
The Berkeley to open rooftop bar to public
The Berkeley will open its rooftop located between Knightsbridge and Belgravia to all starting from 11 July. The bar, which is usually just open to hotel guests, will offer views of London’s skyline as well as a brand new Mexican-inspired menu. In collaboration with Patrón, The Berkeley will serve up…
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Apr- 2024 -26 AprilNews
Today’s news in brief – 26/04/24
Loungers revenues rose 24.7% to £353.5m during FY24. During the year to 21 April, the group’s sales performance was accompanied by “disciplined management of costs” and a continued easing of inflationary cost pressures. Loungers also opened 36 new sites, a record number compared to the 29 opened in FY23. At-home…
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26 AprilNews
Loungers revenues jump 24.7% to £353.5m in FY24
Loungers revenues were up 24.7% to £353.5m during the 53 weeks ended 21 April 2024. Excluding the benefit of the 53rd week total sales were up 22.2%. This sales performance reflects both continuing “strong” like-for-like sales growth (7.5% across the 53 weeks) and the ongoing success of the operator’s new…
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18 AprilNews
Today’s news in brief – 18/04/24
Hospitality groups saw sales grow 5.2% in March, having been aided by early Easter Bank Holiday revenues falling that month. According to CGA and RSM’s latest Hospitality Business Tracker, celebrations delivered “particularly” strong growth for the managed pub sector, where like-for-like sales were up by 7.2% in March. Carringtons Catering…
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18 AprilCafes and Coffee Shops
Loungers continues rollout of stores with eight new openings
Loungers, the operator of all day café,bar and restaurants across the UK under the Lounge, Cosy Club and Brightside brands, has announced the opening of a number of new sites bringing the current total to 257 sites. In the past three months, the group opened new Lounges in Bromsgrove (Verraco…
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8 AprilNews
Today’s news in brief – 08/04/24
The latest transport strike has widened hospitality revenue losses to over £5bn, according to the NTIA. News follows the recent industrial action announced by the ASLEF union and London Underground, which ran from 5 April until today (8 April) and included a six-day ban on overtime. According to Kill, the…
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8 AprilNews
Loungers announces three key appointments
Loungers, the operator of all day restaurants across the UK under the Lounge, Cosy Club and Brightside brands, has made three key appointments to the group. Current Lounge managing director Justin Carter has been promoted to the new role of group managing director. Effective from today (8 April), Carter, who…
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Mar- 2024 -22 MarchNews
Today’s news in brief – 22/03/23
JD Wetherspoon revenues rose 8.2% to £991m in H1. The pub group said that like-for-like sales were stronger than total sales due to a small number of pub disposals and lease terminations. So far, sales continue to improve. In the last 7 weeks to 17 March, like-for-like sales increased by…
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