Street food brand Hubbox appoints Loungers founder as non-executive chairman

Hubbox St Ives
Industry
03/08/2017 - 10:27
Alex Reilley, co-founder and chairman of neighbourhood cafe/bar chain Loungers, has joined the board of Hubbox as non-executive chairman.

Reilley moves from Loungers to American street food inspired restaurant brand Hubbox at a time when the company plans to grow its estate to twenty sites over the next four years.

The company received a £2.2m investment from Provenance Investment Partners to fund growth in January this year.

Reilley said: "I have been a Hubbox customer for the last six years. The Hubbox proposition is very strong. The foundations of a well-structured management team led by Richard Boon [founder] are in place, and he is clear about the brand’s direction.

“The funding for continued growth has been secured and the business is supported by a knowledgeable, enthusiastic board which makes this an exciting business to be involved with.”

West Country-based Hubbox, launched in St Ives, Cornwall in 2003, recently opened its sixth site on Whiteladies Road in Bristol in the former Las Iguanas restaurant.

The group says it is on track to post turnover of £6m in its current financial year with ten sites planned by the end of 2018.

Chief executive officer, Boon, said: "Being a Bristol boy I have followed and admired the growth of Loungers from the outset. I was lucky to meet Alex and to find he was also a Hubbox fan. I have often used him as a sounding board and his advice has always been clear and on point.”

Current Hubbox non-executive chairman Mark Harper will remain on the board as a non-executive director.

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