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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Mar- 2024 -22 MarchPeople
Loungers appoints new CFO
Loungers has announced the appointment of Stephen Marshall to the role of chief financial officer and as a director of the hospitality operator, effective 23 April. The news comes as current CFO Gregor Grant will step down from the board in April. However, he will remain with the company to…
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Jan- 2024 -29 JanuaryNews
Today’s news in brief – 29/01/24
Buzzworks reported a 19% increase in revenues to £29.9m for the year ending 30 April 2023. The group’s like-for-like sales were also up 5.3% for the five weeks to 31 December 2023, which came on top of “strong growth” last year. As part of its growth strategy, Buzzworks continued to…
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29 JanuaryRestaurants
Loungers opens 250th site in Rochdale
Loungers has announced the opening of its 250th site – Pionero Lounge in Rochdale – which officially opened today (29 January). Since the group’s interim results on 28 November, it has opened Coltello Lounge in Cramlington; Arturo Lounge in Penrith; Costero Lounge in Paignton; Consurio Lounge in Caerphilly; and Centivo…
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Nov- 2023 -28 NovemberNews
Today’s news in brief – 28/11/23
Shareholders backed TRG’s £506m sale to Apollo Global, privatising the company that operates Wagamama among others. Each share’s value of 65p signifies an enterprise worth of £701m. TRG’s strategies led to two earnings upgrades and £5m in cost savings, aligning with Apollo’s belief in TRG’s market prominence. Apollo’s reassurances about…
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28 NovemberRestaurants
Loungers sales rise 7.7% in H1
Loungers has reported that like-for-like sales rose 7.7% year-on-year in the half year ended 1 October, also marking 24% ahead of pre-pandemic levels. The restaurant operator’s adjusted EBITDA also increased 28.2% to £17.3m during the period. Due to its “consistently” strong trading, the group is on track to open 34…
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13 NovemberNews
Today’s news in brief 13/11/23
Daniel Thwaites reported a turnover of £60.3m for the half-year ended 30 September, up 4% year-on-year. The group’s operating profit, however, fell from £9.9m in the same period last year to £8.8m. The drop was attributed to the impact of property disposal, with the group making only a £200k profit…
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13 NovemberCafes and Coffee Shops
Loungers roll-out continues with four new sites
Loungers, a UK-based café, bar and restaurant operator under the Lounge, Cosy Club and Brightside brands, has revealed that its accelerated site roll-out plan remains firmly on track, with the launch of four new sites since it announced its landmark 200th Lounge opening on 13 September 2023. The three new…
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Oct- 2023 -16 OctoberNews
Today’s news in brief – 16/10/23
Loungers reported H1 total revenues of £149.6m, marking a 22.3% increase from the previous year. They achieved one-year like-for-like sales growth of 7.7% over the 24 weeks ending 1 October, showing an acceleration from the 5.7% growth reported for the 12 weeks ending 9 July. The company opened 16 new…
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16 OctoberRestaurants
Loungers revenues hit £149.6m in H1
Loungers, the operator of Lounge, Cosy Club and Brightside brands, has revealed that total revenues for H1 ended 1 October reached £149.6m, an increase of 22.3% on the previous year. This comes as the restaurant operator delivered one year like-for-like sales growth of 7.7% over the 24 weeks to 1…
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Sep- 2023 -13 SeptemberRestaurants
Loungers opens 200th site in Buckingham
Operator of the Lounge, Cosy Club and Brightside brands, Loungers, has opened its 200th Lounge site, Verdetto Lounge in Buckingham. The opening of Verdetto Lounge brings Loungers’ total estate up to 238 locations, including 35 Cosy Clubs and three Brightsides. The Lounge brand now graces the principal shopping areas of…
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