Tag Archives: Loungers

Loungers turnover swells 34% to £92m as new projects keep coming

Loungers turnover swells 34% to £92m as new projects keep coming

Bar group Loungers is continuing to open new stores at a rate of knots after adding more than £20m to its turnover during its latest financial year. Figures published with Companies House today reveal that sales for the 12 months to 23 April 2017 grew 34% year-on-year to £91.8m. The huge spike in turnover is

PizzaExpress and CDG execs to share restaurant transformation secrets

Organisers of the Casual Dining Show have unveiled more new speakers for 2018, including MDs and senior directors from PizzaExpress, Mitchells & Butlers, Casual Dining Group, Loungers and Pho. The event, which returns to the Business Design Centre in London on 21-22 February next year, will now see keynotes from Susan Chappell, divisional director, exec

POWER LIST 2017, CHAIN CHAMPIONS: Jake Bishop, Group Commercial Director, Loungers

You need the right mix of operational pedigree and executive management skill to prevail in the foodservice market and in Jake Bishop, Bristol-based cafe chain Loungers has certainly got a man who possesses both. Jake is one of the three co-founders of a business that turned over almost £70m in its last financial year and

DATA JUST OUT: Fall in pub and restaurant groups exposes ‘flat’ market

Britain’s managed pub and restaurant market experienced a dip in trading in May, with operators recording collective like-for-like sales down 0.4% compared to the same month last year, latest figures from the Coffer Peach Business Tracker show. Groups trading in London did slightly better with like-for-likes up 0.1%, compared to a 0.6% fall outside of

Coffee Shop chain brews up first project in the north

The Department of Coffee and Social Affairs chain is expanding its business in the UK by launching a branch in Manchester. Arriving in Summer 2017 at the approximately 3000sq ft premises of Faulkner House, New York Street, the coffee shop will be the company’s first location in the North of England. It will also be

Loungers and Five Guys set for kitchen projects in Manchester

Loungers and Five Guys have joined the line-up at the recently-launched University Green, which forms part of The University of Manchester £1 billion Campus Masterplan and redevelopment.  Informal restaurant and bar chain, Loungers, will occupy a 3,175 sq ft unit at the site. It will have space for 120 covers and include the chain’s eccentric

Private equity cash still available to bankroll kitchen schemes

Innovative foodservice brands that can differentiate themselves will still attract “healthy valuations” from potential private equity buyers despite challenging market conditions, a leading business advisory has claimed. Private equity cash has been a major factor in restaurant growth over the last decade, helping to fund huge chain roll-outs and resulting kitchen projects. But fears that

Council bosses in Oldham hunt restaurant chains to fill £37m retail development

Nando’s, Loungers and Gourmet Burger Kitchen are among the restaurant chains headlining a £37m redevelopment project at Oldham’s Old Town Hall. The Old Town Hall is set to welcome its first visitors on October 21 and the restaurant trio will be fighting it out between themselves for a share of the customers that visit the

Despair for restaurant operators in a pickle over property

Restaurant chains that fail to get their property acquisition strategy just right could see their growth plans crumble as it becomes impossible to compete profitably in an over-crowded market. That’s the view of a leading commercial property specialist, who suggests the ability to pinpoint the most suitable sites, in the most opportune locations, will ultimately