All Revolution Bars Group articles – Page 2
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NewsRevolution shareholders urged to back fundraising plan
The pub and bar group warned without £12.5m equity fundraising, shareholders risk losing all their investment in the company
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NewsRevolutions Bars rejects proposal from Nightcap
The group confirmed it had received a proposal on 17 May, which it concluded was incapable of being delivered due to material delivery risk
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NewsRevolution Bars yet to receive suitable offer
The Revolution and Peach Pubs operator continues to explore the formal sales process alongside other strategic options that would deliver a financial return to shareholders
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NewsRevolution: 32 parties express interest in sales process
The group is exploring a formal sales process, with 32 out of 42 invited parties agreeing to participate and signing a non-disclosure agreement
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NewsNightcap: Revolution Bars brands could be ‘excellent addition’ to portfolio
The group is assessing options, including the acquisition of sites, subsidiaries, assets and brands of Revolution Bars, as well as a possible offer for its entire share capital
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NewsRevolution confirms ‘exploratory’ meeting with Nightcap
Revolution confirmed the group has explored a range of possible transactions, following a Sky News report that claimed both Rekom and Nightcap have expressed interest
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NewsRevolution Bars Group raises £12.5m in open offer
The pub and bar group has postponed a general meeting originally scheduled for tomorrow to give it more time to explore all strategic options, which also include exploring a formal sales process
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Analysis & InsightIs late night dead?
As Revolution Bars Group and Rekom UK struggle with a decline in night-time revelling among young people, MCA’s new writer Simon Brooke takes a look at whether the tried and tested evening bar format is past its sell-by date, and explores how operators are having to innovate and fight harder than ever for a share of consumers’ wallets
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NewsRevolution Bars sets out restructuring plan
If implemented, the strategy aims to return the company to profitability by improving EBITDA, reducing debt, and enabling a recommencement of the refurbishment program
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NewsRevolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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NewsRevolution Bars Group announces restructuring plan
The group is looking to raise £12.5m, including £3m from Luke Johnson, which will be used to restructure the Revolution-branded estate; while simultaneously launching a formal sales process
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NewsRevolution Bars close to finalising rescue fundraising
The owner of Peach Pubs and Revolucion de Cuba is close to securing £10m equity funding from investors including Luke Johnson, Sky News reports
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NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
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NewsRevolution Bars ‘actively exploring’ all options
The pub and bar operator confirmed it is engaging with shareholders to fundraise, while exploring strategic options including a restructuring or partial or full sale
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InterviewsRevolution Bars: ‘Good operators are struggling in this market’
While the group remains keen to grow its Peach Pubs and Founders brands, CEO Rob Pitcher calls out the government for its lack of action and investment into the night time economy and younger consumers
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NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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OpinionHow peachy is life on the public markets?
Dominic Walsh offers a mea culpa to Revolution Bars Group CEO Rob Pitcher over his acquisition of Peach Pubs - but questions the concept of continuing to run it as a public company
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Analysis & InsightLiving wage 'forces' bar closures
Revolution is shutting one in ten of its venues as it seeks to reduce losses before the government’s increase to the national living wage
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NewsRevolution Bars Group to close eight sites
Despite record festive trading, the group’s younger customers are still being disproportionately hit by the cost-of-living crisis, leading to the “difficult yet ultimately beneficial” step of closing the unprofitable sites
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NewsLarger chains report rebound this festive season
Smaller operators are braced for a difficult new year while bigger chains, such as Rare Restaurants and Hawksmoor, have seen bookings up by as much as 30%