All Loungers articles – Page 11
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NewsLfls up 6% at Loungers; evaluates IPO potential
Loungers, the Lounge and Cosy Club concepts operator, has reported a 6% increase in like-for-like sales for the year to 22 April, with revenue growth of 31.9% to £121.1m, as talk of a potential IPO for the business resurfaces.
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OpinionFinding the perfect PE bedfellow
Seeking a partnership with private equity can be a daunting and complex challenge for operators. There are a number of variables to consider before choosing the right partner, according to AlixPartners’ Graeme Smith. Includes the experiences of operators and investors, including Flat iron’s Jo Fleet and Daniel Smith of Livingbridge
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.
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NewsLoungers takes on former Prezzo site for first relocation
Loungers has taken on the former Prezzo in Penarth, Glamorgan, to relocate the town’s Ocho Lounge.
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NewsCosy Club set for Gunwharf Quays
Loungers, the Nick Collins-led group, has further strengthened its openings pipeline for next year for its Cosy Club brand by securing a site in Portsmouth’s Gunwharf Quays scheme, MCA understands.
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OpinionThe future’s bright, but it’s not retail
The supposed death of the high street has been a common debate over the past few years but what is being done to bring our town centres back to life, and how does F&B fit into this? Simon Stenning gives his view.
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NewsVaulkhard Group exits Sheffield sites to focus on north east
Vaulkhard Group has divested its two Sheffield sites, as it looks to focus on growing the business within its north east homeland, MCA has learnt.
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NewsCosy Club to double up in first location
Loungers is to open a second Cosy Club in Cardiff – the first time it has operated multiple sites for the concept in the same location.
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Opinion
Summer reading
With August fast approaching and many sectors leaders heading for their summer break, MCA caught up with a few of them to gauge their impressions of the year so far. Discussing their thoughts on successes, surprises and challenges of 2018, and their predictions for the closing months, as well as countering some misconceptions about the sector are: TGI Fridays’ Karen Forrester, Gerry Carroll of Hawthorn Leisure, Amber Taverns’ James Baer, Nick Collins of Loungers, Bistrot Pierre’s Nick White, Simon Potts of the Alchemist and Scott Collins of MEATliquor, among others.
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OpinionInside track: That’ll shake things up
Mark Wingett looks at the double swoop from Stonegate Pub Company on Be At One and a part of Novus Leisure, what it means for all three businesses and for others
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NewsLoungers' Marsh joins Ten Kites as COO
Alex Marsh, who headed up central operations at Loungers, has joined digital menu publishing platform Ten Kites, as chief operating officer.
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NewsLoungers appoints CFO
Loungers has appointed Gregor Grant, ex of Novus Leisure, as its chief financial officer.
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Analysis & InsightHow do we ensure the survival of the high street?
The government’s minister for local growth, Jake Berry, recently announced that his department plans to establish a panel of industry leaders in order to diagnose the real issues affecting our high streets and how best to ensure their survival. In light of this we asked a series of industry experts in the eating and drinking out sector what advice and recommendations they believe would make a difference
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NewsLoungers set to reach 140 by end of 2018
Loungers, the Lion Capital-backed café bar operator, has updated on its pipeline, saying it is on track to reach 140 sites by the end of the year.
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NewsStraight outta Cornwall
For a number of years, Hubbox, the US street food-inspired concept, was one of the West Country’s best-kept secrets but securing new investment and a high-profile chairman over the past 18 months means the business will need to win over new fans. Mark Wingett talks to founder Richard Boon
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OpinionThai breaker
TriSpan’s acquisition of a significant stake in Rosa’s Thai Café should provide a timely boost to a market buffeted by the headwinds currently blowing through it. Mark Wingett discusses how this deal also welcomes a new investment player into the mix - one determined to make its own mark on the sector.
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NewsFriska secures third Manchester site; continues to eye London
Bristol-based Friska has secured its third site in Manchester as it looks to focus new openings in the north-west city this year, but is still eyeing London for future opportunities.
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NewsBrasserie Bar Co makes two senior appointments
Brasserie Bar Co has appointed Chris Guy as its new finance director, while he predecessor Helen Melvin moves to the role of director of people – a newly created position.
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NewsLoungers appoints interim FD
Loungers, the Lion Capital-backed café bar operator, has appointed Chris Gadsby, formerly of All Leisure Group and Thomas Cook, as its interim finance director, MCA has learnt.
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Opinion
Grinding out a living
Restaurant and coffee roasting business Caravan was a key player in the rise of the restaurant/coffee shop hybrid at the start of the decade. As they prepare to open two huge new venues the founders talk to Joe Lutrario about diversification and the key to sweating your assets.