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The Latest Breaking News from Loungers

Fortress ups takeover bid for hospitality chain Loungers to £354m

Fortress Investment Group said it has now made a 325p-per-share offer to buy the group after pushback from investors.

The Independent UK

TI Fluid Systems accepts £1 billion takeover bid from Canada's ABC Technologies

Takeover comes the day after bar and restaurant operator Loungers agreed to a £338 million offer from New York private equity giant Fortress Investment.

Evening Standard

London stocks close in green as takeover flurry drives FTSE 250 higher

London’s top index finished 6.47 points higher to end the day at 8,281.22.

The Independent UK

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Loungers strikes deal to be bought by US investment firm for £338m

Fortress Investment Group said it has made an offer for the UK hospitality group through a newly-formed investment vehicle.

Evening Standard

Cosy Club owner Loungers strikes deal to be bought by US investment firm

The company currently operates 262 sites in England and Wales

The Independent UK

Loungers snapped up by US private equity firm in £338 million takeover

Loungers directors said their shares were undervalued and illiquid and they have been looking for a buyer for some months

Evening Standard

Loungers chief calls for government to back high streets with business rate break

Nick Collins of the fast-growing, job-creating chain warns that hospitality industry is being ‘penalised’ by the system

Evening Standard

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Loungers boss says 'the UK economy is holding up well' as sales grow

Sales at the chain grew by almost 25%

Evening Standard

Loungers eyes 34 new sites as expansion drives record sales

The cafe restaurant chain opened 29 locations across the UK over the previous financial year

Evening Standard

Wetherspoon’s sales jump as people seek cheaper food and drink

Fellow hospitality chain Loungers enjoys record sales, with inflationary pressures diminishing

The Guardian - UK

Loungers reports 'record revenue' in latest results

The Bristol founded company said that it believes there is scope for at least 600 Lounges across the UK

Birmingham Post

This is why every Lounge and Cosy Club in Britain is closed today

The Bristol-based chain employs more than 2,500 people

Bristol Post

New Lounge to open in High Street in town near Bristol

The chain started in Bristol and has now travelled up the A38

Bristol Post

Loungers reports 'record' revenue with plans to open 35 stores in the next year

The Bristol founded company said the strength of its sales performance has enabled it to manage the macro-economic backdrop

Birmingham Post

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Manchester Evening News

Glamorous retro-inspired café bar opening this month

The new café bar will celebrate a ‘glamorous bygone era’

Chronicle Live

Loungers to open first North East bar and restaurant in Northumberland market town

Muro Lounge is set to take over the empty Argos site in Hexham

Birmingham Post

Hospitality group Loungers to launch first regional venue this summer in Hexham

The listed group known for its Cosy Club and Lounge brand is opening in the town's former Argos site

Wales Online

Inside the new Cadno Lounge in Neath that provides a 'retro-inspired retreat'

The glamorous new bar and lounge is now open to the public

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Bristol Post

New Lounge café opens in retail park just north of Bristol

Wales Online

This is when Cadno Lounge is opening in Neath and what people can expect

The venue's parent company, 'Loungers', has popular venues across the UK, including Zinco Lounge in Swansea and Juno Lounge in Cardiff - and is now opening in Neath town centre

Leeds Live

Caballero Lounge to open new restaurant at The Springs in Leeds

The new addition to the culinary scene in Leeds will launch at The Springs

Bristol Post

Porto Lounge in Fishponds to relocate to larger cafe bar

The cafe bar often has people queuing out of the door

Manchester Evening News

'Retro-inspired' all-day café bar to take over former Bistrot Pierre site in Altrincham

Oppio Lounge will offer a ‘varied and innovative’ menu when it opens in the spring

Wales Online

Cadno Lounge will open in 2023 in Neath town centre

Birmingham Post

Loungers' profits dip but bosses 'optimistic' for Christmas - and plan to open more sites in 2023

The company said it had been buoyed by more openings but had been impacted by rising food and drink inflation

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