All Loungers articles – Page 8
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NewsHubbox heads to Cheltenham
South East burger brand Hubbox is to join the line-up at Cheltenham’s The Brewery Quarter development.
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NewsM&A Review of the Year
It certainly hasn’t been a year in hospitality M&A for the faint hearted, but for those who have stuck with the sector and taken a long-term view, opportunity has knocked. Despite fears of an investor hiatus as a result of lingering uncertainty (ongoing Brexit delays certainly haven’t been helpful to M&A advisors!), the past 12 months has again proved the robustness of the M&A market in this sector, and points to further opportunities for 2020.
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NewsGrowth Company Index 2020 launched
MCA is teaming up with Alix Partners again this year to find the top 50 private hospitality firms with the fastest-growing profits. If your company has three years’ audited accounts and turnover in excess of £3m, then please get in touch before 1 February to be considered for this year’s list. Previous entrants do not need to re-apply, but if you’d like to be considered for the first time, please contact james.halliwell@wrbm.com.
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NewsThe Dom Walsh Awards
Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…
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NewsLoungers: ‘We see further opportunities in the evenings’
Loungers sees further opportunities to boost its trade in the evenings, particularly when it comes to drinks sales, chief executive Nick Collins has told MCA.
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OpinionAnalysts’ verdict: Liberum and Peel Hunt on Loungers
Both Liberum and Peel Hunt have upwardly revised their full year estimates for Loungers, following the AIM-listed business’ positive interim statement yesterday (4 December).
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NewsLoungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
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OpinionSchool of Woky
In just a few years former Masterchef contestant Larkin Cen has created a mini-empire in Bristol and is eying an opening in Cardiff. He can now be considered one of the UK’s most exciting Chinese chefs.
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Analysis & InsightWet-led pubs best placed to capitalise on demand for experiences
Wet-led pubs are best placed to capitalise on the demand for experiences as the growth in online delivery and competition from home entertainment means consumers are looking for more on a night out, according to leisure analysts Peel Hunt.
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NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
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OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
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InterviewsBrewhouse & Kitchen: ‘Pubs are starting to think more like restaurants’
Brewhouse & Kitchen’s head of food and innovation, Tommy Knight, reveals to Food Spark’s Sarah Sharples some of the dishes coming to the new menu in October, how he is using spent grains to make nachos and the possibility of a beer doughnut ice cream sandwich.
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OpinionLoungers sets sights on premium coffee and drinks
As an all-day operator promising something for everyone, Loungers has never had any problem going toe to toe with high street coffee shops.
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Analysis & InsightAnalysts’ verdict: Peel Hunt and Liberum on Loungers
Analysts’ verdict: Peel Hunt and Liberum give their view on Loungers’ full year trading figures.
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NewsLoungers outperforms market with 6.9% LFL growth
Loungers, the listed café-bar group, has reported like for like sales growth of 6.9%, as it continues to outperform the wider hospitality market.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.
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Analysis & InsightAlixPartners: The bar remains open
While it has certainly become more challenging to secure investment in parts of the restaurant market, the past 12 months has seen continued M&A and investment activity across the pub and bar space. The breadth of this activity highlights the current strength of this part of the sector, and this trend does not look like slowing anytime soon, argues AlixPartners’ Graeme Smith.
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Analysis & InsightPub menus: Quantity over quality?
MCA market insight director Steve Gotham looks at whether the increases seen in pub menu counts are sustainable, particularly when extensive menu choice is not a particularly high-ranking consumer need.
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NewsPub sector predicted to outperform wider market
Quality, experience and localisation are all key trends driving the growth of the pub sector, Gareth Nash, insights director at MCA told delegates at the Pub Conference.
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NewsLoungers appoints non-exec director to the board
Loungers has appointed Robert Darwent to the company’s board of directors as a non-executive director, with immediate effect.