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flag Fortress Investment Group to buy UK café-bar chain Loungers for £338 million, a 30% premium.

flag Fortress Investment Group is set to acquire Loungers, a UK-based café-bar chain with brands like Lounge, Cosy Club, and Brightside, for £338 million. flag The offer values Loungers at a 30% premium, at 310p per share. flag Loungers operates 280 venues across the UK and was founded in 2002. flag The acquisition,pending shareholder approval, is seen as beneficial for Loungers' future growth and aligns with Fortress' strategy in the UK hospitality sector.

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