The café bar operator behind the Lounge and Cosy Club brands is to push ahead with plans for a £250m-plus stock market listing despite growing economic and political uncertainty.
Loungers, which is backed by Lion Capital, the private equity firm, is understood to have drawn up a shortlist of four City advisers — Numis, Peel Hunt, Berenberg and Liberum — to handle a potential initial public offering.
Last month, The Times reported that shareholders of Loungers, which runs 139 café bars, were evaluating the potential for a stock market flotation in the light of resilient trading by the business.
