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- 2022 -6 JulyFood and Drink
Island Poké appoints new head of property
Island Poké has announced the appointment of Hux Norman as the company’s new head of property ahead of its plans to embark on a period of “huge” growth. Norman reportedly joins from the UK café, bar, and restaurant operator, Loungers, where he was property manager. It is reported that he…
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May- 2022 -26 MayNews
Cosy Club to open first Milton Keynes site
Cosy Club, the restaurant brand managed by hospitality business Loungers, has selected centre:mk Milton Keynes for its latest location, which is set to open in autumn. Located at 3-5 Silbury Arcade, the 6,000 square feet restaurant will span two floors, and it marks one of only a handful of Cosy…
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Apr- 2022 -26 AprilPubs and Bars
Loungers hails ‘record’ sales and openings in FY22
Loungers has welcomed a year of “record” sales and openings ahead of its results for the year ended 17 April, 2022, after it maintained a “significant outperformance” of the market despite the effects of the pandemic. Whilst trading in December was subdued in light of Omicron, the operator of 164…
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Feb- 2022 -8 FebruaryGovernment
Over 250 hospitality leaders call for VAT to be held at 12.5%
More than 250 business leaders from hospitality and leisure have written to the chancellor, Rishi Sunak, urging the Government to keep VAT at 12.5% beyond March 2022, according to UKHospitality. It revealed the letter calls on the Treasury to maintain the current level to enable many “fragile” businesses to continue…
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4 FebruaryRestaurants
Hub Box reports record sales for FY21
Hub Box, the Cornwall-based burger and barbecue business, has revealed FY21 total sales for the 11-strong restaurant group increased 75% to £12.6m. During the 52 week period ending December 2021, it also revealed that unaudited company EBITDA rose to £1.47m, up from £539k in FY20. Like-for-like sales for the 33…
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Dec- 2021 -1 DecemberRestaurants
Loungers to open 25 new sites as profits surge
Loungers has announced plans to open 25 new sites next year after securing pre-tax profits of £12.8m for the 24-week period ended 3 October 2021. During the period, revenue increased to £102.4m from £53.5m in 2020 whilst like-for-like sales grew 26.6% compared to 2019. The business has continued to achieve…
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Jul- 2021 -21 JulyRestaurants
Loungers FY losses remain flat despite sales revival
Loungers saw its losses before tax remain relatively flat at £14.7m for the year ended 18 April 2021, despite a return to sales growth following the reopening of hospitality. The cafe, bar, and restaurant group reported a like-for-like sales increase of 23.7% in the nine weeks to 18 July 2021,…
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Apr- 2021 -9 AprilRestaurants
Loungers to open four new sites
Loungers, the owner of Lounge and Cosy Club, has revealed plans to open four new Lounge sites by 26 May 2021. Situated in Wolverhampton, Stourbridge, Welwyn Garden City, and St Ives, the latest establishments bring the group’s portfolio to a total of 142 Lounges and 30 Cosy Clubs. The cafe,…
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Jan- 2021 -8 JanuaryCoronavirus
Oakman CEO to return £250k grant if venues used for vaccinations
The chief executive of pub and restaurant group, Oakman Inns, Dermot King, is offering to forego the chancellor’s latest lockdown grant of up to £250,000 if he allows National Health Trusts to use Oakman Inns’ venues as vaccination centres. King who was appointed CEO of the company last August said…
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4 JanuaryCoronavirus
Brewdog and Loungers offer venues as vaccine centres
Brewdog and Loungers have offered their closed venues to the government to help with the roll out of the Covid-19 vaccinations. It comes after Brewdog CEO James Watt tweeted to health secretary Matt Hancock and Scottish first minister Nicola Sturgeon that the company wanted to “help with a quick roll…
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