All Loungers articles – Page 19
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NewsLoungers' Cosy Club could exceed 70 sites
Loungers, the Piper-backed cafe bar operator, sees scope to grow to at least 70 Cosy Club sites alongside a minimum of 350 for its primary growth concept Lounge, managing director Alex Reilley has told M&C Report
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NewsLoungers FY EBITDA grows 52%
Loungers has reported a 52% rise in EBITDA before central overheads to £6.7m in the year to 27 April as like-for-like sales grew 5.1%, and said its Lounge format could “easily” exceed 350 sites
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Analysis & InsightUK brands outperform US counterparts
The UK’s top 100 pub, restaurant and foodservice brands out-performed their US equivalents in sales growth and unit number growth in 2013, according to new research from US consultancy firm Technomic
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OpinionThe premium/informal era
The launch of the Allegra Foodservice’s UK Restaurant Market report saw the headline: “A new era of premiumised informality driven by food pleasure seekers.” The organisation gives further insights into what this means
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Diary
Diary: Orchid, Enterprise Inns, Loungers, Vapiano
This week’s Diary includes more on the Orchid sales process, the initial feedback on Enterprise’s first managed site, another award for Loungers and renewed pressure for pubco reform
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NewsSuitors circle Orchid
Mitchells & Butlers (M&B), Greene King and Starwood Capital, are amongst six firms believed to be set to bid for all or part of Orchid Pub Company
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News
Downing set for further £20m fundraising
Downing LLP has closed its latest round of fundraising with a total of £18.6m raised and is set to launch a new fund soon which will target raising a further £20m
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Diary
Diary: Five Guys, Wahaca, Loungers, Starbucks
This week’s Diary includes further fallout from NAMA, Five Guys on the expansion trail, Starbucks ramping up its UK expansion and those impressionable guys at Loungers
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NewsLoungers confirms Percy as new FD
Loungers, the Bristol-based café/bar group, has confirmed the appointment of Andrew Percy, formerly of Peach Pub Company, as its new finance director
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NewsPeach looks for new FD as it eyes expansion
Peach Pub Company has announced that it’s searching for a new financial director as it looks to add two pubs and reach a turnover of £23m by the end of this year
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Opinion
Keeping track of the flyers
This year’s Zolfo Cooper Profit Tracker highlights the fact that those high-quality operators that made the right calls during the downturn are perfectly placed to reap the benefits in any upturn in the general economy, writes Mark Wingett
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OpinionQ1 trading overview
M&C Report talks to major pub, bar and restaurant groups about trading in the first quarter of 2014. The consensus is that Q1 was as good as or better than expected, and operators are largely optimistic about the year ahead
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OpinionQuay destination
In a first of a new series of city focuses, M&C Report puts the spotlight on Bristol. It talks to local operators, some of whom have become national players, looks at others who are looking to take that step, and assesses the latest research on the area and upcoming projects
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NewsLoungers plans 20 openings in 2015
Loungers, the Piper-backed cafe bar operator, is to increase its opening rate next year with up to 20 sites planned.
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Interviews
Friday five-minute interview
M&C Report talks Jake Bishop, operations director at Loungers, the award-winning café bar operator, about his best investment, his best business decision, and the best piece of advice he’s ever received
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NewsReilley named Retailers’ Retailer 2014
Alex Reilley, who has overseen the impressive growth of Loungers, has been singled out by his peers as the stand-out individual in the eating-out and drinking-out market
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Analysis & Insight
Gap narrowing between sectors
The gap is narrowing between pubs, coffee shops and restaurants due to trends in all-day dining, artisanal products like craft beer and more casual interior design
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Analysis & InsightBranded dining sector to grow 7.6% by revenue in 2014
The UK branded dining sector will grow 7.6% by revenue in 2014, with outlet numbers increasing 5.5%, according to figures from Allegra’s Project Restaurant Report
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NewsTGI’s signs up for Gloucester Quays
TGI Friday’s, the Karen Forrester-led group, has become the latest brand to sign up to open at Gloucester Quays
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NewsLoungers FY sales to top £33m
Sales at Loungers, the Piper-backed cafe bar operator, for the year to the end of April are projected to be in excess of £33m, over 50% up on the previous 12 months, M&C Report has learnt