Loungers Milestones

August 2002
Alex Reilley, Jake Bishop and Dave Reid opened the first Lounge in North Street, Bristol

July 2007
Velo Lounge in Bath opened, the Group’s first Lounge outside of Bristol

September 2010
First Cosy Club opened in Taunton

January 2012
Nick Collins joined the Group as Finance Director

April 2012
Piper Private Equity acquired a minority stake in Loungers and Dave Reid left the Group

January 2014
Nick Collins promoted to Chief Operations Officer

January 2015
Nick Collins promoted to Chief Executive Officer. Alex Reilley became Executive Vice-Chairman

December 2016
Lion Capital acquired a majority stake in the Group and Piper Private Equity exited their investment in Loungers. Alex Reilley became Executive Chairman

August 2017
The Group achieved annual sales in excess of £100 million

April 2019
The Group has 146 sites, comprising 122 Lounges and 24 Cosy Clubs

April 2019
The Company’s ordinary shares are admitted to trading on the AIM Market of the London Stock Exchange