Loungers is aiming to get the whole estate back open and trading by 5 August – with only two sites permanently closing down for strategic purposes.
The chain has reopened 75 Lounges and 19 Cosy Clubs so far, following Covid-19’s easing of the government-imposed closure period. It has agreed to speed up its reopening plan and will have 165 restaurants operating from the first week of August as a result of the trust it has gained from the trading at its reopened sites to date.
However, the company said it will not reopen Banco Lounge in Bristol and Allegro Lounge in Birmingham. Banco Lounge is one of its earliest sites and a combination of its small size and the additional costs of doing business mean that it no longer meets its returns criteria. Its lease expires in March 2021 and will not be renewed.
Nick Collins, chief executive of Loungers, commented: “It remains our view that Loungers is well-placed coming out of lockdown and we are optimistic with regards to future trading and the continued planned growth of both our Lounge and Cosy Club brands.
“Whilst in the short term our roll out programme will be considerably more conservative, we are excited to be opening our 30th Cosy Club in Brindley Place, Birmingham on 10 August. We welcome the further sector support announced by the government last week which is timely and will assist us in re-building momentum over the weeks and months ahead.”