Revolution Bars Group

Signs of a late surge in party bookings are bringing a sprinkling of festive cheer to hospitality operators – but reservations remain considerably down on pre-pandemic numbers.

Revolution Bars Group, operator of 66 premium Revolution and Revolución de Cuba bars, has raised approximately £21m through a share placing towards investing in both new and existing sites and reducing its debt.

Revolution Bars’ company voluntary arrangement (CVA) has been approved and will see the business exit six of its bars immediately with turnover-based rental terms agreed with seven others for the next two years.

Revolution Bars has launched a Company Voluntary Arrangement (CVA) to shed sites, reduce rents, “and improve the profitability and return on capital of the group over the long-term”.