LOUNGERS PLC (LON:LGRS)

Consumer

Founded in Bristol by Alex Reilley, Jake Bishop and Dave Reid, who wanted to create a neighborhood café-bar, Lounger plc is a UK-based operator of café, bars and restaurants across England and Wales through its two distinct but complementary values for money brands, Cosy Club and Lounge. It focuses on hospitality, comfort and familiarity for everyone regardless of age, gender and demographic. The group operates across 165 sites in England and Wales of which 136 are Lounges and 29 are Cosy Clubs and it is only growing all-day operator of scale in the UK. The group aims to grow through organic growth strategy and focuses to improve operational performance to drive sales and return. Its board aims to open new 25 sites every year over the medium term, of which around 20 are expected to be Lounges and 5 to be Cosy Clubs. In April 2019, the group’s shares started trading on the Alternative Investment Market (AIM) of the London Stock Exchange as LON: LGRS.

The group operates through its two brands that are Lounge and Cosy Clubs. Lounge is a neighborhood café/bar with the elements of a restaurant pubs and coffee shop culture which are majorly located in secondary suburban high street and small town centers. It offers an informal, unique interior with best hospitality, familiarity, and warm & comfortable environment and represent something different to different customers.

The Cosy Clubs are formal bars and restaurants that offer reservation and table services similar to the Lounge brand. Its restaurants are majorly located in city centers and large market towns with large and theatrical interior. It enables to operate in areas where there is more occasion-lead demographic and offer an opportunity for greater coverage within cities.

Contact Information

company address 26 Baldwin Street BS1 1SE United Kingdom

company phone+44.117.9309971

company websitehttps://loungers.co.uk/

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