Daily Newsletter

14 November 2023

Daily Newsletter

14 November 2023

Loungers expands UK footprint with four new venues

With these openings, the restaurant operator is on track to open 34 new sites in the current financial year.

Umesh Ellichipuram November 13 2023

UK-based café, bar and restaurant operator Loungers has announced the opening of four new venues across the country.

New sites are Alfredo Lounge in Louth, Lincolnshire; Bordo Lounge in Carlisle; and Muro Lounge in Hexham.

The company also noted that it is on track for 34 new sites in the current financial year.

The company said that opening these three locations helped bring footfall and jobs to the UK's high streets.

On average, each new Lounge is said to have created 30 new employment opportunities, as well as an investment of nearly £1m ($1.2m) into the local high street.

The company said that it has added these locations since the opening of its 200th venue, Verdetto Lounge in Buckingham.

Loungers CEO Nick Collins said: “Our accelerated site roll-out plan remains firmly on track and we're delighted with the four new sites that we've opened in the last few weeks.

“It's particularly pleasing to be increasing our presence in the North through the openings in Carlisle and Hexham and we see significant potential for more sites in both the North West and the North East.

“It's also great to be finally opening a Cosy Club in Oxford. It's a city that's been on our list for quite some time and we've been really pleased with trade in its first few weeks. Our ambitions for Oxford don't end there and, in time, we see scope for bringing at least four new Lounge sites to the suburbs of the city.”

QSR was the largest channel in the French food service profit sector in 2022 dominated by independent operators

The France foodservice profit sector generated revenue of EUR125.2 billion in 2022 and is forecasted to record a CAGR of over 5% during 2022-2027 driven by an increase in the transaction count. QSR was the largest profit sector channel in 2022, followed by FSR, accommodation, and others. QSR’s popularity reflects the growing preference for convenient and affordable food offerings.

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