All Loungers articles – Page 3
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NewsLoungers’ Alex Reilley highlights ‘obscene’ energy price rises
The business, which hedged its energy costs last May, until 2024, said entering a hedge today would have cost it an extra £17m
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NewsLoungers: ‘We see lots of opportunity in London’
Openings in Greater London this year to far exceed FY21/22, with its property pipeline remaining “very well advanced”, chief executive Nick Collins has said
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InterviewsLoungers: ‘The pipeline has never been stronger’
The Lounge and Cosy Club operator is confident it can achieve its larger roll-out target, and is opening sites better than ever, chief executive Nick Collins told MCA
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NewsLoungers appoints chief people officer
Guy Youll will join the business in the autumn and lead the people side of the business, building on “the important work we have done this year”
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NewsLoungers reports record full year sales
The group achieved revenues of £237m for the 52 weeks to 17 April 2022 and has increased its openings target from 25 to 30 sites per year
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NewsLoungers appoints interim people director
Claire Clarke, previously group human resources director at The Big Table Group, has joined the cafe, bar and restaurant operator
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NewsLoungers delivers records sales
The 164-strong cafe-bar operator continues to “significantly outperform” the market, with like-for-like sales up 17.7% in the 40 weeks to 20 February
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InterviewsHero Award: The determination of Lounges’ Antony Doyle ‘never wavered’
In the latest of a series of articles profiling nominees for MCA’s Hero Award at the Retailers’ Retailer Awards, we speak to Lounge café bars’ MD Justin Carter about why he nominated ops director Antony Doyle.
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InterviewsLoungers on elevating Cosy Club
Following Loungers’ half year results, CEO Nick Collins talks to MCA about price elasticity, mobile ordering and elevating the Cosy Club
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NewsLoungers sees lfls up +23% since May reopening
Revenue has almost doubled in the 24 weeks to 3 October 2021, to £102.4m, compared to 2020 figures, with Loungers continuing to outperform the market.
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NewsLoungers: ‘The scale of the opportunity has been enhanced’
For a long-time Loungers has talked about the scope for 400 Lounges and 100 Cosy Clubs in the UK, but according to CEO Nick Collins, those numbers are ”very conservative now”.
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NewsLoungers achieves 'significant outperformance of market'
Loungers has seen like-for-like sales up 27% since reopening its restaurants on 17 May, compared with the same 20-week period in 2019.
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NewsLoungers opens its 150th Lounge site
The latest opening in Ringwood forms part of Loungers ongoing expansion, taking its total estate to 181 sites.
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Analysis & InsightCashless society
The pandemic may have accelerated the abandonment of cash as a preferred method of payment, but should operators be ditching it all together? MCA’s deputy editor Georgi Gyton explores the issue
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Analysis & InsightLoungers could up 25 new openings a year target
Loungers’ is exploring the possibility of moving beyond its target rate of 25 new site openings per year, according to analyst Berenberg.
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InterviewsLoungers: ‘It’s a great time to be growing the business’
Loungers is looking to capitalise on the “really strong new site opportunities” it is finding in the property market, as it gets back to its pre-Covid run rate of 25 new site openings a year, chief executive Nick Collins has told MCA.
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NewsLoungers sees revenue more than halve
Loungers saw its revenue fall more 52.9% for the 52 weeks ended 18 April 2021, to £78.3m, down from £166.5m the previous year.
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Analysis & InsightLounges to lead outlet growth
Loungers is forecast to be the standout brand performer in terms of outlet growth within the branded pub & bar restaurant segment according to Lumina Intelligence’s latest ODI (Operator Data Index) analysis.
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NewsLoungers: ‘Calorie labelling would be costly and distracting’
The requirement for large hospitality operators to display calorie information from April next year would be “distracting and expensive”, voiced Loungers’ CEO Nick Collins on MCA’s The Conversation.
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NewsUKH calls for ‘test to release’ scheme
UKHospitality has been pressing the government to introduce a ‘test to release’ scheme for hospitality workers so that they can avoid having to self-isolate for 10 days every time they are notified of exposure to coronavirus by the NHS Test and Trace app, chief executive Kate Nicholls has said.