Healthy demand for vegetarian and vegan dining has helped to boost sales at Loungers, the café-bar chain that floated this year.
The company behind Cosy Club and 122 Lounge outlets posted a 26 per cent jump in annual revenue to £153 million.
Nick Collins, chief executive, hailed a “strong performance” in the 12 months to April 21 — days before its arrival on the London market — as comparable sales climbed 7 per cent. Having opened 25 new sites during the period, it now has 146 across the country and plans to open a further 25 this year.
Loungers was founded in 2002 by Dave Reid, Alex Reilley and Jake Bishop.
Healthy demand for vegetarian and vegan dining has helped to boost sales at Loungers, the café-bar chain that floated this year.
The company behind Cosy Club and 122 Lounge outlets posted a 26 per cent jump in annual revenue to £153 million.
Nick Collins, chief executive, hailed a “strong performance” in the 12 months to April 21 — days before its arrival on the London market — as comparable sales climbed 7 per cent. Having opened 25 new sites during the period, it now has 146 across the country and plans to open a further 25 this year.
Loungers was founded in 2002 by Dave Reid, Alex Reilley and Jake Bishop.
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