All Loungers articles – Page 18
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Analysis & InsightLoungers strengthens pipeline
Loungers has strengthened its openings pipeline with almost all of the 20 sites the company intends to open next year already agreed
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OpinionComing full circle
After more than 11 years writing about the pub industry, M&C Report’s departing deputy editor John Harrington presents his valedictory on a sector that has been through the mill and come out stronger the other side
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OpinionTalent spotting
Over the next 18 months the industry is set to experience a sustained level of M&A activity, including a number of big ticket deals, but it is mining for “investment gold” at the other end of the business lifecycle that is increasingly moving to the top of the agenda for sector investors in the rush for the next big thing
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NewsZonal FY revenue expected to top £50m
Zonal, the electronic point of sale (EPOS) supplier to the hospitality and leisure sector, expects full-year turnover to grow from £41.3m to £52m in the year to 30 June 2014 as the group expands its operations and continues to innovate
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NewsCarter to become Loungers COO
Loungers has moved to further strengthen its management team with the recruitment of Justin Carter as its new chief operating officer.
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NewsLoungers to reach 50-site milestone
Loungers, the Piper-backed café/bar operator, has said like-for-like sales across the group increased by 9.3% in July as it prepares to open its 50th site, Como Lounge in Witney, Oxfordshire
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OpinionBrighton: buying some cool
Brighton has gone from a grubby seaside town to gaining an exclusive status that’s almost on a par with London. Jessica Mason looks at what makes this city tick and how to make a business succeed
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NewsLoungers lines up Leicester Cosy Club
Loungers, the Piper-backed cafe bar operator, has lined up an eighth opening under its Cosy Club format for October this year in Leicester
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Diary
Diary: ASK Italian, Loungers, Square Pie, BrewDog
This week’s Diary includes mystery surrounding the new pubs minister, BrewDog’s seaside jaunt, Square Pie’s success, and a royal encounter for Loungers’ Alex Reilley
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OpinionLife of Reilley
Loungers co-founder Alex Reilley gave a rundown of the company’s history at the Arena lunch last week, and spoke of the challenges ahead for the cafe/bar group. We present Reilley’s speech in full
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Analysis & InsightThe story so far
The first half of this year has underlined the feeling that the UK’s eating and drinking-out sector is slowly, but surely pulling itself out of the downturn. Vibrancy has returned to the market, while even pub groups are looking at entering the fast casual market, but will the next six months and beyond cement this position?
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NewsPeach appoints new FD
Peach Pub Company, the multiple operator headed by Lee Cash and Hamish Stoddart, has appointed its new finance director, M&C Report has learnt
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Analysis & InsightReilley’s road map
Just over two years after Piper took a stake in Loungers, its managing director Alex Reilley is popular again with investors, as rival private equity groups and pub companies have started to jostle for his time and a seat next to him at numerous sector events
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NewsLoungers' Cosy Club could exceed 70 sites
Loungers, the Piper-backed cafe bar operator, sees scope to grow to at least 70 Cosy Club sites alongside a minimum of 350 for its primary growth concept Lounge, managing director Alex Reilley has told M&C Report
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NewsLoungers FY EBITDA grows 52%
Loungers has reported a 52% rise in EBITDA before central overheads to £6.7m in the year to 27 April as like-for-like sales grew 5.1%, and said its Lounge format could “easily” exceed 350 sites
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Analysis & InsightUK brands outperform US counterparts
The UK’s top 100 pub, restaurant and foodservice brands out-performed their US equivalents in sales growth and unit number growth in 2013, according to new research from US consultancy firm Technomic
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OpinionThe premium/informal era
The launch of the Allegra Foodservice’s UK Restaurant Market report saw the headline: “A new era of premiumised informality driven by food pleasure seekers.” The organisation gives further insights into what this means
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Diary
Diary: Orchid, Enterprise Inns, Loungers, Vapiano
This week’s Diary includes more on the Orchid sales process, the initial feedback on Enterprise’s first managed site, another award for Loungers and renewed pressure for pubco reform
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NewsSuitors circle Orchid
Mitchells & Butlers (M&B), Greene King and Starwood Capital, are amongst six firms believed to be set to bid for all or part of Orchid Pub Company
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News
Downing set for further £20m fundraising
Downing LLP has closed its latest round of fundraising with a total of £18.6m raised and is set to launch a new fund soon which will target raising a further £20m