The boss of pub and cafe chain Loungers said “our experience suggests that the UK economy is holding up well”, as the business reported record revenue.
Sales rose by 24.7% to £353.5 million, which Loungers said was “accompanied by disciplined management of costs and a continued easing of inflationary cost pressures.” The growth was driven partly by new openings, but like-for-like sales were still up 7%.
