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Loungers' turnover reflects shifting industry patterns

by Charlotte Vile | Nov 07, 2017
More evidence this week that UK diners are looking for a more community-centred, intimate setting when dining out. Despite decreased profits throughout much of the casual dining sector, the Loungers group, which is backed by Lion Capital, reported a 7.4% growth in like-for-like sales in the 24 weeks to October 8th. The business also saw revenues climb from £68.5m, to £91.8 m in the year to 23 April 2017, representing a 34% rise in net sales.

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