All Revolution Bars Group articles – Page 3
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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%
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NewsRevolution sees nationwide scope to expand Peach Pubs
The group is focusing on premiumisation, optimising outdoor spaces, and marginal gains on sales, according to CEO Rob Pitcher
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NewsRevolution sales hit by ‘affordability issue’
Revolution Bars Group’s eponymous brand has been impacted by its 18-25-year-old demographic being disproportionately affected by the cost-of-living pressures, CEO Rob Pitcher tells MCA
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NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
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InterviewsRevolution Bars Group: ‘The future is positive’
Group CEO Rob Pitcher speaks to MCA about maintaining faith in the bars business, growing its food hall concept, and expanding Peach Pubs when the time is right
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NewsLate night demand continues to slide for Revolution Bars
Group like-for-like sales were down 8.7% vs pre-Covid, while Peach Pubs continues to trade strongly at 14% ahead of pre-pandemic
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InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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InterviewsRevolution Bars Group: ‘There is reason to be optimistic’
CEO Rob Pitcher speaks to MCA about integration and growth at Peach Pubs and like-for-like recovery in late-night bar sales
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NewsRevolution Bars faces headwinds
The group announced £76m in sales for H1 FY23, with transport strikes, declining consumer confidence, record hot weather, and cost inflation impacting profitability
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NewsRevolution Bars Group appoints interim people director
Former Loungers people director Caryn Savazzi will look after people development and become part of the group executive team
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InterviewsRevolution Bars: ‘We will look to expand when the time is right’
The pub and bar operator has a strong pipeline in place but remains focused on integrating Peach Pubs into the company in the short term, CEO Rob Pitcher tells MCA
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NewsRevolution Bars Group closes on Mondays and Tuesdays to save energy
The group has revised down its profit expectations for the year after its bars were down 9% over Christmas due to the rail strikes
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NewsRevolution Bars Group is back in the black
The group turned around a £26.3m loss in 2021 to report a profit before tax of £2.1m in the 52 weeks to 2 July 2022, but recent sales have been hit by falling consumer confidence
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NewsRevolution Bars Group acquires Peach Pub Company
The operator of the Revolution and Revolucion de Cuba brands has acquired the 21-strong operator of premium food-led pubs for a consideration of £16.5m as it looks to diversify its growth strategy.
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NewsRevolution Bars Group ‘in great shape’
The business reported full year like-for-like sales growth of 1.3% across its 56 English bars, in line with expectations