Bounce ping pong ltd, the parent company of Bounce, is to be renamed social entertainment ventures ltd, as part of a global expansion plan.
The innovative company, which made its name combining ping pong with a bar and restaurant concept, currently dominates the social entertainment market and plans to open 20 new venues by 2020.
The rebrand is the corner stone of an ambitious growth plan for the company, who will be announcing the launch of three new exciting concepts and seven new venues by the end of 2018.
Currently, with two locations in london and one in chicago, bounce has shown steady and consecutive growth since its inception in 2011.
Founder Adam Breeden, who also previously co-founded all star lanes and flight club, believes now is the perfect time to grow into new territories and new concepts.
Adam Breeden, Founder, Bounce ping pong ltdHe said: “being at the forefront of the social entertainment industry for many years means we can now encompass a greater range of concepts in different territories. Now is the time to leverage our extensive experience to bring to market more concepts within this fast-growing category, as well as embark on a more ambitious roll out plan.
“the name change reflects our position as the global market leader and innovator.”
Sev ltd plans to open 20 wholly owned venues by 2020 with a key focus on new territories including: north america, hong kong, china and middle east.