All Loungers articles – Page 3
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NewsLoungers celebrates 250 sites
The all-day concept opens its 250th site - Pionero Lounge in Rochdale - today, and remains on track to open 34 sites in the current financial year
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InterviewsLoungers: ‘We’re very positive about 2024’
The versatility and all-day nature of its offer ensures the continued success and relevance of the model, CEO Nick Collins tells MCA
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NewsLoungers CFO to step down
Gregor Grant, who has been part of the leadership team since 2018, will leave the company in July 2024
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NewsLoungers: Not all doom and gloom in the hospitality sector
The cafe-bar group is “living proof” that strong businesses are still capable of thriving, as it reports half year revenue up 22% to £150m
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InterviewsLoungers staying ‘agile’ through menu innovation
As the all-day operator continues to accelerate its site-roll out plan, head of food Caine Langford says Loungers is staying agile by maintaining menu consistency and harnessing trial periods to delve into consumer feedback.
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NewsLoungers on track for 34 new sites this year
The all-day operator’s accelerated rollout plan remains firmly on track, with the opening of its first Cosy Club in Oxford as well as three new Lounges
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Analysis & InsightLoungers: opportunity to revisit valuation
Analyst Berenberg has increased its price target to 360p, citing recent takeover announcements in the sector leading to greater focus on the low valuations many leisure names have been trading on
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NewsLoungers reports consistent sales growth
The all-day cafe-bar operator reports like-for-like sales up 7.7% in the 24 weeks to 1 October 2023
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NewsLoungers raises prices by 8% due to inflation
Speaking after a slight drop in inflation, Loungers CEO Nick Collins said he had seen no consumer belt tightening, despite price rises
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InterviewsLoungers: ‘We must remember what it’s like to be a small business’
As the all-day operator marks the milestone of 200 sites under its Lounge concept, chairman and co-founder Alex Reilley speaks to MCA about the big target of reaching 600 locations, and how the business’ leaders are adapting to a larger profile as the company expands its footprint in high streets across the nation
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Analysis & InsightComfort food for the soul: the trend for nostalgic dining
As economic turbulence continues to drag on businesses and consumers alike, MCA explores the trend towards retro-inspired, nostalgia-led concepts and why they provide comfort in reminiscence
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NewsLoungers makes MD appointment
Lucy Knowles, previously of Corney & Barrow and SSP, joins the all-day operator as managing director of its Cosy Club brand
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Insomnia Cookies, Sides, Brightside, and Emilia’s Crafted Pasta
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NewsLoungers increases ambitions to 600 sites
Loungers continues to scale up operations with 34 sites planned for the current year, as CEO Nick Collins reveals it sees scope for 600 in total
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InterviewsLoungers’ share price ‘obviously frustrating’
CEO Nick Collins speaks to MCA about the mystery of the group’s disappointing valuation, why seaside towns are thriving and how the group is “back at the top of our game” on food innovation
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NewsSeaside business should gear up for a bumper summer
Loungers is anticipating a record year at its seaside venues, with coastal restaurants performing 25% better than average
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Analysis & InsightPeel Hunt: Loungers’ strong sales will drive equity
Loungers, which is forecast to generate strong profit growth over the next two years, represents “excellent value”, according to analysts
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Brightside, Bancone, Proud Mary and more
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InterviewsLoungers: ‘It’s not revolution, it’s constant evolution’
CEO Nick Collins tells MCA the upcoming summer will be an important period, with the new Brightside concept entering its peak trading period for the first time
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NewsLoungers achieves ‘industry-leading’ like-for-likes
The group reported stronger like-for-like sales growth in H2 FY23 of 11.8%, and record revenue for the financial year of £285.3m