All Loungers articles – Page 8
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News
TGI Fridays and Cosy Club confirmed for Chelmsford
TGI Fridays and Cosy Club have been confirmed for Meadows retail park in Chelmsford, which is due to open in late 2020.
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OpinionLoungers: ‘We trial everything’
Loungers’ head of food, Antony Bennett, talks to FoodSpark’s Sarah Sharples about how he brings in new food trends at Lounge and Cosy Club, the ingredients he is using to add layers of flavour and why new menus are always trialled on real customers.
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OpinionThe end of the beginning
Loungers’ admission to AIM at the end of last month caps a remarkable 17-year growth story, but as chief executive Nick Collins and chairman Alex Reilley tell James Wallin, they are only just getting started. They discuss the learnings from the IPO and the next steps for Loungers, including the potential for further sites in big cities as well as an eventual entry to the Scottish market.
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NewsLoungers introduces employee share ownership scheme
Loungers is to offer shares in the newly listed business to its longest serving employees, MCA understands.
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Analysis & InsightSoft skills development is vital for multi-unit managers
Promoting a general manager to one with multi-unit responsibilities is not always as straight forward a process as operators may think, if the employee is to perform at their best. Former Turtle Bay operations director and founder of Purple Story, a people-focused consultancy, Karen Turton discusses why soft skills are so important in the experience economy.
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NewsLoungers AIM shares open at a premium
Loungers’ shares were officially admitted to AIM this morning, with trading beginning at a premium.
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OpinionCoronation street
For any company succession planning is an absolute priority but for founder-led businesses it can present particular challenges. How can you ever replace a founder and how should they be involved in the process? MCA editor James Wallin talks to recruitment experts to get their view on the pitfalls of managing succession. They discuss what the sector can learn from examples such as Loungers as well as examining a high-profile internal promotion yesterday, in James Spragg’s succession to chief executive at Casual Dining Group.
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NewsLoungers raises £83m through IPO
Loungers, the 146-strong café-bar group, has announced it has raised £83.3m through its IPO with admission to AIM on 29 April.
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NewsRunners and riders highlight health of sector
What sets the companies riding high in the AlixPartners Growth Company Index apart from their peers and able to continue to perform in the face of unprecedented headwinds? Graeme Smith and Craig Rachel take a closer look at the what this year’s list tells us about wider trends in the sector.
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NewsAlixPartners Growth Company Index 2019 Top 50
This year saw MCA once again team up with AlixPartners to identify the fastest growing companies in the UK eating and drinking out sector. The following is the top 50 in full.
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NewsFast food brands top fastest growth index
The top three fastest growing brands in the UK eating out sector in 2018 were fast food brands, the latest MCA data shows.
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Analysis & InsightLoungers – the one and only?
This week, Loungers announced its much-anticipated intention to float. One line in the accompanying documentation caught the eye of MCA market insight director, Steve Gotham – that Loungers is “the only growing all-day operator of scale in in the UK with a strong reputation for value for money”. He delves into MCA’s wealth of data to determine whether this claim stacks up.
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NewsLoungers announces intention to float
Loungers, the Lion Capital-backed café bar group, has officially announced its intention to float on the AIM market. The 146-strong Lounge and Cosy Club operator is eyeing admission by the end of this month, when it is likely to be valued at more than £250m. In its intention to float, ...
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NewsHolbrook named Retailers’ Retailer of the Year
Jane Holbrook, who stepped down as chief executive of Wagamama at the turn of the year, has been voted by her peers as the industry’s most outstanding operator of the past 12 months.
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NewsSticks ‘n’ Sushi tops Growth Company Index
Sticks ‘n’ Sushi, the Copenhagen-based Japanese restaurant group, has been named the fastest growing company in the UK’s eating and drinking out sector.
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OpinionFocus on: AlixPartners’ Growth Company Index 2019
MCA editor James Wallin gives a sneak peek at this year’s entrants for the AlixPartners Growth Company Index and looks back at previous winners
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NewsAzzurri named casual dining group of the year
Azzurri Group, Wagamama, Oakman Inns, The New World Trading Co (NWTC), Dishoom and The Alchemist were among the winners at the Casual Dining Awards yesterday.
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NewsReilley: IPO is ‘logical next step’
Loungers chairman Alex Reilley has described an IPO as a “really logical next step” for the c145-strong café-bar operator.
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NewsAnalysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones reflect on Andy McCue’s decision to step down from The Restaurant Group, and what it means for the company. They warn that “although restaurant supply has finally started to fall, declining in-store demand and rising costs point to years of correction”.
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News
Giggling Squid eyes private equity for next stage of growth
Giggling Squid co-founder Andy Laurillard has confirmed the Thai restaurant group has appointed advisors to assess its next stage of growth, which is likely to involve finding a new private equity partner.