All Loungers articles – Page 6
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NewsGiggling Squid appoints Backhouse
Giggling Squid has appointed Nick Backhouse, a senior independent advisor to Loungers, as a director. Backhouse is also a senior independent advisor to Hollywood Bowl, and was a non-executive director of Marston’s for six years. Nick Backhouse replaces Simon Kossoff, who stepped down as chairman in August 2019 after four ...
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NewsUK Hospitality CEO Kate Nicholls: Rent code of practice a “vehicle to deliver timeout”
The government’s proposed code of practice on rent negotiations is not intended to be an end in itself, but a vehicle towards further action to address the issue, UK Hospitality CEO Kate Nicholls has said.
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InterviewsLoungers chair Alex Reilley: Government not treating us like grown-ups
Loungers chairman Alex Reilley has excoriated the government’s communication over the lifting of lockdown as “maddening” and “irresponsible”.
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NewsOperators announce next wave of reopenings
Dishoom and Crussh are among the latest operators to open their doors this week, whilst the reopening programmes of Loungers, Turtle Bay, Franco Manca and more have started to pick up momentum. Of the larger to-go operators, KFC, McDonald’s and Costa have reached reopening milestones this week, whilst Greggs announced a significant acceleration in its reopening plans.
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InterviewsLoungers CEO Nick Collins: ‘Delivery isn’t something our customers would enjoy’
Despite the raft of operators choosing to introduce delivery as an alternative revenue stream through recovery, it’s not a route Loungers is going to take, CEO Nick Collins has told MCA.
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NewsLoungers: ‘We will trade profitably post-lockdown’
Loungers has said that it plans to reopen the majority of its sites in July, being well positioned to trade profitably in a post-lockdown environment.
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NewsOperators continue to reopen for takeaway and delivery
Starbucks, Subway, Chipotle, Caffe Nero and Loungers are among the latest operators to reopen sites for delivery and takeaway services this week.
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NewsLoungers raises £8.3m through placing
Loungers has completed its its accelerated bookbuild placing process, undertaken yesterday, raising gross proceeds of approximately £8.3m.
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NewsLoungers, Fuller’s and BRG announce closures, to-go transitions continue
Loungers is the latest operator to announce an estate-wide temporary restaurant closure due to the impact of COVID-19, and Fuller’s will close all London pubs.
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NewsLoungers closures a potential scenario
Loungers has said the partial or complete temporary closure of all of its sites is a potential scenario.
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NewsListed groups make heavy losses amid coronavirus bloodbath
Listed restaurant and pub suffered a day of carnage today as the coronavirus outbreak took its toll on operators’ share prices.
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Analysis & InsightSteve Gotham: The devil in the detail on outlet growth
Outlet numbers are a critical metric we closely study within MCA’s Operator Data Index. Recently we rechecked December 2019 numbers, reassessed growth trends and reviewed outlook announcements from operators, ahead of producing our own forecasts of expansion/contraction across 250 leading casual dining brands.
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NewsAzzurri crowned at Casual Dining Awards second year running
Azzurri Group, Wagamama and The Ivy Collection were amongst those named as the UK’s best pub, bar and restaurant operators at the Casual Dining Awards yesterday.
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NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
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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).