All Loungers articles – Page 16
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NewsLoungers still on track to post FY turnover of c£78m
Loungers remains broadly on track to post turnover of c£78m in its current financial year, up from £48m in the year to 26 April 2015
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Analysis & Insight
Rise to challenge of site prices
Almost universally, operators hold the view that increasing property costs are presenting an enormous challenge to the restaurant and licensed property sectors in the UK. The question is, are the costs sustainable, do they present a real danger to the sector, and if so, where?
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NewsLoungers introduces NLW early
Loungers has opted to introduce the National Living Wage early to all its employees regardless of age,
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Analysis & InsightWho will blink first?
It felt like the majority of the sector was running to a standstill last year as it continued to wait to fully reap the rewards of the hard yards put in post downturn. The sobering thought is that it looks like the industry will have to provide more of the same over the next 12-18 months to stay ahead
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Analysis & InsightCulture clubs
Each company has a unique way of instilling company values, but as the war on talent is set to intensify over the next 12 months the strength of a company’s culture/ethos is set to increasingly define the long-term winners and losers across the sector
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NewsRetailers’ Retailer of the Year Awards 2016 finalists announced
The finalists for next year’s Retailers’ Retailer of the Year Awards (RROTY) have been revealed, with the Bridgepoint-backed Azzurri Group leading the list of nominees, closely followed by Wagamama
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NewsLoungers reports record sales
Loungers, the all-day café, bar and restaurant group, reported record sales last week of £1.7m with like-for-like sales up 7.2%
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Analysis & Insight
Dialling up deal activity
2015 was yet another big year for deal activity in the restaurants and bars sector, says Kieran Lawton, M&A director at BDO.
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News
Five minutes with…. Steve Haslam, TLC
M&C spends five minutes with Steve Haslam, managing director of TLC Inns
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NewsFY pre-tax profit nears £5m at Turtle Bay
Turtle Bay, the Piper-backed Caribbean chain, saw FY pre-tax profit increase by 131% to £4.5m and turnover climb from £9.9m to £26m
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NewsRising Star secures Cosy Club role
Will Morris has been appointed Cosy Club operations manager for the south overseeing the Cosy Clubs in Bath, Bristol, Salisbury and Bournemouth
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Analysis & InsightMenu prices on the rise as consumers trade up
The latest analysis of menu pricings by M&C Allegra has shown operators across the sector increasing prices at the premium end.
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Analysis & Insight
Piper finds gaps in the food to go market
Diners in Manchester are looking for greater choice in their lunchtime food to go options and people both there and in London are keen to see greater choice of healthy meals
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News
Ashford first council to ban selected operators from development
Ashford Borough Council, in Kent, has become the first local authority to ban specific bars and restaurants from securing sites at its expanded Designer Outlet centre.
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Analysis & InsightIn the market
It is fair to say that the Kaye family knew the value of trading in a market town. Fast forward 10 years and with central London’s property market running too hot for the majority of sector businesses, a new generation of operators are increasingly finding comfort in the UK’s market towns.
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NewsCollins: We’ve always had great belief in Cosy brand
Loungers managing director Nick Collins has told M&C that the company has always had “great belief” in its Cosy brand
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NewsLoungers on track with expansion plans
Loungers, which is on track to have 75 sites operating by the end of this year, plans to open 25-plus sites a year going forward
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News
Loungers creates head of food role
Loungers, the Piper Private Equity-backed café/bar group, has created a new food position as it continues to grow both the Loungers and Cosy Club brands
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News
Urban Pubs & Bars to launch pizza concept
Urban Pubs & Bars is to launch a new pizza concept in London’s Hackney
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Diary
Diary: TGI; Loungers; Revolution Bars and #LIVEYOURLIFEDAY
In this week’s Diary we look at how TGI Friday’s Fast Track initiative is faring, get an update on Loungers’ pipeline and find out about Samuel Smith’s latest branding work (no, seriously).