All Loungers articles – Page 5
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Analysis & InsightLoungers could up 25 new openings a year target
Loungers’ is exploring the possibility of moving beyond its target rate of 25 new site openings per year, according to analyst Berenberg.
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InterviewsLoungers: ‘It’s a great time to be growing the business’
Loungers is looking to capitalise on the “really strong new site opportunities” it is finding in the property market, as it gets back to its pre-Covid run rate of 25 new site openings a year, chief executive Nick Collins has told MCA.
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NewsLoungers sees revenue more than halve
Loungers saw its revenue fall more 52.9% for the 52 weeks ended 18 April 2021, to £78.3m, down from £166.5m the previous year.
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Analysis & InsightLounges to lead outlet growth
Loungers is forecast to be the standout brand performer in terms of outlet growth within the branded pub & bar restaurant segment according to Lumina Intelligence’s latest ODI (Operator Data Index) analysis.
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NewsLoungers: ‘Calorie labelling would be costly and distracting’
The requirement for large hospitality operators to display calorie information from April next year would be “distracting and expensive”, voiced Loungers’ CEO Nick Collins on MCA’s The Conversation.
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NewsUKH calls for ‘test to release’ scheme
UKHospitality has been pressing the government to introduce a ‘test to release’ scheme for hospitality workers so that they can avoid having to self-isolate for 10 days every time they are notified of exposure to coronavirus by the NHS Test and Trace app, chief executive Kate Nicholls has said.
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NewsLoungers: ‘We need to shout about the opportunities in hospitality’
The hospitality industry is full of stories about people who have rapidly risen up the ranks which “we need to shout about more”, Nick Collins, CEO, Loungers told MCA’s The Conversation.
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NewsFulham Shore: ‘Threat of 50/50 model has brought landlords to the table’
Fulham Shore has secured numerous deals with landlords over rent debt in recent weeks as the threat of a 50/50 Australian-style model of forgiveness has brought many of them to the table, according to chairman, David Page.
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EventsLoungers and Franco Manco join The Conversation
Loungers CEO Nick Collins and Fulham Shore chairman David Page join UKHospitality CEO Kate Nicholls on MCA’s The Conversation today.
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NewsLoungers has opportunity to sign bigger, premium sites
The expectation of record vacancy rates this year presents Loungers with the opportunity to acquire larger, premium sites, while staying true to its tight financial criteria, according to analyst Liberum.
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NewsLoungers sales up 26.6%
Loungers has reported like-for-like sales over the four-week period from 17 May to 13 June 2021 were up 26.6%, compared to the same period in 2019.
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Analysis & InsightDifferentiation is key to a successful rollout
The ability to provide a differentiated experience is key to a successful rollout, and one that Loungers is able to offer, according to analysts Berenberg.
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NewsLoungers set to ‘explode out of the blocks’, says analyst
Analyst Liberum has said it expects Loungers to “explode out of the blocks” once sites reopen, following the announcement by the operator this morning that it intends to resume its fast-pasted opening rate once restrictions are lifted.
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NewsLoungers agrees extension to £15m bank facility; updates on openings
Loungers has announced that its lending banks have approved a 12-month extension to the incremental £15m revolving credit facility (RCF) that was place in place in April 2020.
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NewsBerenberg on Loungers
Loungers is well-positioned for growth in a post-Covid 19 world and has the potential to scale to as many as 1,000 sites over time, according to analysts Berenberg.
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InterviewsAlex Reilley calls for acceleration of reopening
Loungers chairman Alex Reilley is hopeful that with falling infection numbers, there will be growing calls for an acceleration of the reopening roadmap.
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NewsReilley: ‘Budget the most important day in history of hospitality’
The Budget is arguably the most important day in the history of the hospitality sector, with Sunak’s support set to either provide “desperately needed hope” or “a single, devastating blow,” Loungers Chairman Alex Reilley has said.
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Analysis & InsightRoadmap ‘too little too late’ and ‘worse than the worst-case scenario’
Sector leaders have criticised the Government for once again “penalising hospitality” with its reopening strategy, forcing pubs and restaurants to wait a further three months before they can operate inside. The proposed reopening timeline has been branded “too little too late,” and “worse than the worst-case scenario” by operators from all corners of the sector, who have warned that without significant support in next week’s Budget, there will be a “devastating” fallout for businesses.
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NewsCast your vote in the Retailer’s Retailer Awards
Make sure you cast your vote in MCA’s Retailer’s Retailer of the Year Awards, as we count down to the big event on 11 March.
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InterviewsNick Collins: ‘Opportunities won’t sway our strategy’
The inevitable increase in high-footfall site opportunities following the pandemic will not change Loungers’ established property strategy, CEO Nick Collins has said.