Revolution Bars Group
Revolution Bars considering ‘all options available’ to improve performance
Revolution Bars has confirmed it is “actively exploring all the strategic options available” following press speculation that it plans to close a quarter of its sites.
Revolution Bars to ‘significantly reduce’ spending despite strong festive period
Revolution Bars has revealed it will significantly reduce capex expenditure and defer all refurbishments despite its “best festive period since 2019”.
Revolution Bars to shut eight sites as cost of living hits young customers
Revolution Bars Group says late-night hospitality in ‘very challenging times’
Revolution Bars: Young people cutting spending makes for 'challenging' year
Revolution to close bars Mondays and Tuesdays to save energy
Jubilee boosts Revolution Bars earnings past expectations
Following positive trading over the Jubilee bank holiday, Revolution Bars Group has said it is confident[...]
KPMG fined £875,000 over Revolution Bars Group audits
Accountancy firm KPMG has been severely reprimanded and fined £875,000 by the Financial Reporting Council (FRC)[...]
Revolution reveals plans for eight sites and competitive socialising concept
Revolution Bars Group has revealed plans to open eight new sites across the next two financial[...]
Hopes for late surge in festive party bookings
Signs of a late surge in party bookings are bringing a sprinkling of festive cheer to[...]
Revolution raises £21m towards expansion, investment and reducing debt
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 Group reveals plans for two new concepts
Revolution Bars Group has revealed it is developing two new concepts to “appeal to a wider customer base”, which will be ready for trial once trading conditions allow.
Revolution Bars Group predicts boom in trade after reopening
Revolution Bars Group has announced it expects to see a ‘rapid rebound’ in trading upon reopening following a difficult year for the company.
Furlough estimated to cost hospitality industry more than £542m a month
The Coronavirus Job Retention Scheme is estimated to be costing the hospitality industry more than £542m[...]
Revolution CEO: government’s treatment of wet-led hospitality ‘nothing short of scandalous’
Revolution Bars Group chief executive Rob Pitcher has said the UK government’s actions towards wet-led bars[...]
Late-night businesses should be 'compensated' for closures, says NTIA
Late-night businesses that are still unable to trade should have their losses compensated by the government,[...]
Revolution Bars CVA approved with six sites to close
Revolution Bars’ company voluntary arrangement (CVA) has been approved and will see the business exit six[...]
Revolution Bars launches CVA with six sites expected to close
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”."
Revolution Bars exploring CVA
Revolution Bars Group has confirmed it has been working with advisers to assess its options and explore a reduction in the size of its estate through a Company Voluntary Arrangement (CVA), in light of the latest operating restrictions.
Revolution to close its Liverpool venue
Revolution Bars Group, which operates bars under the Revolution and Revolución de Cuba brands, has confirmed it will permanently close its Liverpool venue and focus on reopening its remaining sites.
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