All Revolution Bars Group articles

  • Masterclass (b)
    News

    Revolution planning to double brand portfolio

    2021-04-13T11:41:00Z

    Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.

  • Revolution new look
    News

    Revolution secures new CBILS

    2021-04-13T07:34:00Z

    Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.

  • Revolution Bar Group
    News

    Revolution anticipates ‘rapid rebound’

    2021-03-04T08:53:00Z

    Revolution Bars Group plans to reopen 20 of its bars on 12 April, when hospitality is able to trade outside, and the entire 66-strong estate on 17 May.

  • Peter Marks
    Interviews

    Peter Marks: ‘We don’t want to reopen with masks, mist and panels’

    2021-01-20T08:40:00Z

    Rekom UK CEO Peter Marks has said he would rather “wait a little bit longer” for reopening, than dilute the nature of the business’ offer.

  • Revolutions Bar Group
    Interviews

    Rob Pitcher: ‘Landlord’s behaviour in crisis will determine future partnerships’

    2021-01-20T08:39:00Z

    Hard-lined landlords refusing to “play ball” in rent negotiations will be remembered by the industry going forward, MCA’s The Conversation has heard.

  • Revolution
    News

    Revolution secures further liquidity as restrictions hit sales

    2020-12-17T08:18:00Z

    Revolution Bars has reported sales significantly down in the first 24 weeks of FY21 as a result of “severe and constantly evolving trading restrictions.”

  • Revolutions Bar Group
    News

    Revolution launches CVA

    2020-10-27T08:31:00Z

    Revolution Bars Group has launched a company voluntary arrangement (CVA) to reduce the size of its estate and rental cost base.

  • Revolutions Bar Group
    News

    Revolution considers CVA

    2020-09-25T11:01:00Z

    Revolution Bars Group has confirmed it is working with advisors to secure its long-term viability. The company is currently evaluating the potential impact of the latest restrictions on the business, and is exploring various options including a reduction of its estate through a company voluntary arrangement (CVA). No decisions have yet been made, but the board is considering all necessary options to ensure its viability in light of the latest government measures.

  • External - Mitchell Street
    News

    Revolution CEO Rob Pitcher: ‘Government must take responsibility for its actions’

    2020-09-04T07:07:00Z

    Although the government was justified in its initial decision to enforce closure on hospitality through lockdown, it must now take responsibility for the consequences of its actions, Revolution Bars CEO Rob Pitcher has said.

  • Revolutions Bar Group
    News

    Revolution trading ahead of expectations

    2020-09-03T07:25:00Z

    Revolution has reopened 39 bars which are trading “ahead of the Board’s expectations, in part as a result of the Eat Out To Help Out scheme” it has said in a trading update. It said like for likes for the 8 weeks to 29 August 2020 were 72.5% of last year, but the launch of EOHO had seen like for likes across Monday to Wednesday hit 188.4% compared to last year. Revolution plans to continue to run EOHO at least through September. It also plans to open 13 more bars on 7 September but 11 bars are unlikely to reopen until social distancing restrictions are further relaxed.

  • spanish
    News

    Tapas back on the menu at Spanish Revolution

    2020-08-20T15:54:00Z

    Spanish Restaurant Group, which operates Tapas Revolution, has now opened half of its 12-strong estate. It will continue to open sites and plans to be fully operational in October. Since the lockdown the group has restructured its management system and introduced a profit-related pay scheme. “We’re in a great position to get our fleet of Spanish restaurants back in operation and have a team who are committed and eager to start welcoming guests through our doors again, with our initial performance ahead of expectation,” said MD James Picton. 

  • Revolution Bars Group
    News

    Revolution announces next wave of reopenings

    2020-07-31T07:22:00Z

    Revolution Bars Group has announced its next phase of reopenings, with eight sites set to open their doors next week.

  • Revolution Bars
    Interviews

    Revolution Bars CEO Rob Pitcher: ‘We’ll tackle no-shows with retrospective fee’

    2020-07-22T07:11:00Z

    Revolution Bars Group will be implementing a fee for consumers who pre-booking and failing to turn up, CEO Rob Pitcher has revealed.

  • Revolutions Bar Group
    News

    Revolution to reopen with test and trace booking platform

    2020-07-01T11:21:00Z

    Revolution Bars will reopen six sites on 6 July with a new booking platform to support the Government’s test and trace initiative.

  • Revolution Clapham High Street
    News

    Revolution to pursue ‘cautious recommencement of trading’

    2020-06-29T07:27:00Z

    Revolution Bars has said it plans to reopen six of its sites on 4 July to initiate its “cautious recommencement of trading.”

  • Revolution Bars Group
    News

    Revolution raises £15m in share placing

    2020-06-05T14:19:00Z

    Revolution Bars Group has raised £15m its share placing launched earlier today.

  • Revolutions Bar Group
    News

    Revolution launches £15m fundraise

    2020-06-05T07:22:00Z

    Revolution Bars Group is seeking to raise £15m in a share placing, while transfer trading from the London Stock Exchange to the smaller AIM.

  • Revolutions Bar Group
    News

    Revolution secures funding for the future

    2020-05-26T06:55:00Z

    Revolution has extended its debt facilities, which it says will provide it with “sufficient liquidity for the foreseeable future”. Revolution, which operates 74 bars under the Revolution and Revolución de Cuba brands, said NatWest had increased its Revolving Credit Facility from £21.0m to £30.0m until 31 August 2020, at which point it will step down to £24.0m. NatWest has also waived all financial covenant tests at March 2020 and June 2020.

  • Revolution new look
    News

    Revolution ups credit facility to £30m

    2020-04-14T07:31:00Z

    Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.

  • Revolutions Bar Group
    News

    Revolution to cut payroll, hours and staff

    2020-03-18T08:41:00Z

    Revolution Bars will have to reduce payroll costs, unprofitable trading sessions and ‘variable costs’ such as entertainment and door staff in order to mitigate the impact of COVID-19.