All Loungers articles – Page 7
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NewsLoungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
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OpinionSchool of Woky
In just a few years former Masterchef contestant Larkin Cen has created a mini-empire in Bristol and is eying an opening in Cardiff. He can now be considered one of the UK’s most exciting Chinese chefs.
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Analysis & InsightWet-led pubs best placed to capitalise on demand for experiences
Wet-led pubs are best placed to capitalise on the demand for experiences as the growth in online delivery and competition from home entertainment means consumers are looking for more on a night out, according to leisure analysts Peel Hunt.
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NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
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OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
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InterviewsBrewhouse & Kitchen: ‘Pubs are starting to think more like restaurants’
Brewhouse & Kitchen’s head of food and innovation, Tommy Knight, reveals to Food Spark’s Sarah Sharples some of the dishes coming to the new menu in October, how he is using spent grains to make nachos and the possibility of a beer doughnut ice cream sandwich.
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OpinionLoungers sets sights on premium coffee and drinks
As an all-day operator promising something for everyone, Loungers has never had any problem going toe to toe with high street coffee shops.
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Analysis & InsightAnalysts’ verdict: Peel Hunt and Liberum on Loungers
Analysts’ verdict: Peel Hunt and Liberum give their view on Loungers’ full year trading figures.
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NewsLoungers outperforms market with 6.9% LFL growth
Loungers, the listed café-bar group, has reported like for like sales growth of 6.9%, as it continues to outperform the wider hospitality market.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.
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Analysis & InsightAlixPartners: The bar remains open
While it has certainly become more challenging to secure investment in parts of the restaurant market, the past 12 months has seen continued M&A and investment activity across the pub and bar space. The breadth of this activity highlights the current strength of this part of the sector, and this trend does not look like slowing anytime soon, argues AlixPartners’ Graeme Smith.
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Analysis & InsightPub menus: Quantity over quality?
MCA market insight director Steve Gotham looks at whether the increases seen in pub menu counts are sustainable, particularly when extensive menu choice is not a particularly high-ranking consumer need.
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NewsPub sector predicted to outperform wider market
Quality, experience and localisation are all key trends driving the growth of the pub sector, Gareth Nash, insights director at MCA told delegates at the Pub Conference.
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NewsLoungers appoints non-exec director to the board
Loungers has appointed Robert Darwent to the company’s board of directors as a non-executive director, with immediate effect.
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NewsChristie & Co predicts increase in sizeable transactions in pub sector
An increase in sizeable transactions in the pub sector, through the remainder of 2019, has been predicted by Christie & Co in its latest review of the pub sector.
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NewsLoungers updates on pipeline, hits 150 milestone
Loungers has updated on its opening programme with the launch of its 150th site - Fosso Lounge in Wells, Somerset - which brings it to 125 Lounges and 25 Cosy Clubs.
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NewsLoungers see no reason for momentum to stall
Loungers sees no reason why the momentum of its openings should falter, chief executive Nick Collins, told MCA, as it aims for 20 Lounges and five Cosy Club openings this year.
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NewsLoungers lfls up 6.9%
Loungers has announced a trading update, with like for like sales growth of 6.9% for the year ending 21 April 2019.
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NewsMay 2019
This month’s print edition of MCA examines the challenges associated with the proposed increase in the minimum wage. We hear from senior sector figures that the Government needs to propose a joined-up solution to ensuring fair pay for all. We also speak to the chief executive and chairman of Loungers about their IPO and why they are certain it will not change the company culture. We are also profiling Taco Bell as the US giant makes it second time lucky in its bid to expand across the UK. Established operator YO! Sushi, meanwhile, is reinventing itself to appeal to an evolving consumer basis, chief executive Richard Hodgson tells us. Plus, we kick off our series of features with the winners of the 2019 Retailers’ Retailer of the Year Awards by interviewing the founders of Caravan.
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Analysis & InsightRate of decline for wet-led pubs slows
The long-term clear out of unsustainable wet-let pubs and bars appears to be nearing its end – in part reflecting the recent success of compelling premium drinks offers and getting the balance right with food, the latest market snapshot from CGA and AlixPartners indicates.