Nikos Stavroulakis

Loungers plc

Loungers is led by CEO Nick Collins, and backed by Lion Capital Private Equity, and, as of February 2022, stands 190 sites strong. The Loungers business comprises two distinct but complementary brands: the Lounge café-bar and the Cosy Club bar and dining concept. In the 52-week period ending 22 April 2018, Loungers' sales grew by 31.9% to £121.1 million, driven by the combination of new site openings and like-for-like sales growth of 6.0%. The growth in sales of 31.9% was accompanied by an increase of 31.2% in adjusted EBITDA to £16.7m. Established in 2002, Loungers is an award-winning, all-day neighbourhood café-bar and dining business. Co-founded by three friends – Alex Reilley (Chairman), Jake Bishop (Commercial Director) and David Reid, wanting to create a neighbourhood café-bar they would want to go to, it has grown rapidly since its inception. At Lounge, we have a very simple objective, that runs through all we do. We call it 'the Cause'​: 'Our Lounge is a home from home, offering delicious food and drinks, all day, on your doorstep. We exist to bring people together and our unique atmosphere changes hour by hour with each new wave of customers. We are proud of our Lounge and its community and our aim is simple: every customer leaves happy.'​ Meanwhile, at Cosy Club, we serve up a sense of being somewhere special with a hint of nostalgia. Think mansion splendour meets village hall eccentricity, From a lazy breakfast to family lunch or a night our in your glad rags, we're set apart by the character of our team, elegance of our design and quality of our food and drink. Our purpose is simple: every customer leaves feeling splendid.