Loungers strikes deal to be bought by US investment firm for £338m

NAMPA / DPA

2024-11-28

London (PA Media/dpa) - Cafe bar business Loungers has agreed to be bought by a US investment group in a deal which values it at about £338 million ($428 million). Fortress Investment Group said it has made an offer for the UK hospitality group through a newly-formed investment vehicle. It marks the latest London-listed firm to strike a deal with an international private equity group. Loungers, which operates the Lounge, Cosy Club and Brightside......

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