All Loungers articles
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including The Chalk, Burger Drop, Rudy’s, and more
-
NewsIn pictures: A new look for Cosy Club
Loungers has unveiled a reimagined look and branding for its all-day bar-restaurant concept, featuring a new cinematic interior scheme and inspiration from the 1970s and 80s
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Big Mamma, Cosy Club, WatchHouse, and more
-
EventsLoungers on thriving in small towns and new ownership
Loungers exec chair Alex Reilley will open this year’s Pub Conference with a fireside chat reflecting on the company’s journey from public to private ownership
-
NewsLoungers appoints first CMO
Sarah Lake will join the business at the end of June, from her current role as media and brand marketing director at Dyson.
-
NewsOakNorth backs Loungers growth with £30m
The funding will help accelerate Loungers’ site rollout strategy, with plans to open more than 30 new venues annually across the UK
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Wingstop, Loungers, Browns Brasserie & Bar, and more
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Pizza Pilgrims, Loungers, and more
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Loungers, Gail’s, Afrikana and more
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Loungers, Ottolenghi and Wingers
-
NewsFortress acquisition marks ‘new chapter’ for Loungers
Fortress has completed its acquisition of the hospitality group for £354.4m, with Loungers looking forward to accelerating its growth under new ownership
-
InterviewsLoungers deal ends years of frustration over share price
Management did “all we could” to boost the Lounge and Cosy Club operator’s standing on the public markets, but in the end its ‘take private’ deal with Fortress offered the best result for shareholders, chairman Alex Reilley tells MCA
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Loungers, Wingstop and Five Guys
-
NewsLoungers takeover deal voted through
The all-day operator has reached agreement with Fortress on an increased and final offer valuing Loungers at £354.4m, with 93.5% of shareholders voting in favour
-
NewsRevised Loungers bid ‘substantially undervalues’ the company
Gresham House, which has a 3.9% stake in the cafe-bar group, is “still not inclined” to support the latest offer from Fortress, MD Ken Wotton tells MCA, while Downing’s Judith MacKenzie calls for a fair valuation that reflects the company’s future growth prospects
-
NewsLatest Loungers offer ‘not good enough’
Outspoken investor Judith MacKenzie, head of Downing Fund Managers, described the revised Fortress bid valuing Loungers at £354m as “paltry”
-
NewsFortress tables increased and final offer for Loungers
Fortress Investment Group (UK) has increased its cash offer for Loungers, from 310p to 325p per share, which has been deemed “fair and reasonable” and in the best interests of the business and its shareholders.
-
Weekend PressMore Loungers shareholders oppose £338m deal
Fund manager Downing, which has a 1.5% stake in Loungers, said it was “absolutely furious” about the proposed deal, while Gresham House said it would use its near 4% stake in the company stake to “vote against this transaction”
-
NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Fulham Shore’s Super Club Roma, Loungers’ newest Brightside, and more
-
Analysis & InsightLoungers buyout makes ‘perfect sense’ for management and shareholders
The all-day operator is the latest in a growing list of hospitality groups to exit the public markets, with a share price that has failed to reflect the real value and potential of the business, analysts and commentators tell MCA