All Revolution Bars Group articles – Page 4
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NewsRevolution announces two new senior hires
The bar group has appointed a new brand operations director and head of growth and digital as it looks to kick-start its pipeline expansion
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InterviewsRevolution: ‘Growth strategy shows a real signal of intent’
Revolution Bars Group is looking to increase the size of its 67-strong estate by 10% over the next 18 months, following a four-year gap in new site acquisitions, chief executive Rob Pitcher has told MCA.
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NewsRevolution demonstrates ‘renewed confidence’
The bars group achieved EBITDA of £12.2m in the 26 weeks to 1 January 2022, just shy of the £12.8m it achieved two years previously
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Analysis & InsightRevolution in strong position to ramp up expansion
Strong like-for-like sales in restriction free trading periods coupled with less competition in the late night sector puts Revolution in a favourable position, analyst Peel Hunt believes
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InterviewsHero Award: Revolution hails flexible, enthusiastic head of safety
In the first of a series of articles profiling nominees for MCA’s Hero of the Year at the Retailers’ Retailer Awards, we speak to Revolution Bars Group CFO Danielle Davies about her pick, Mike Buckley
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NewsRevolution: ‘We are in a position to grow our estate again’
CEO Rob Pitcher told MCA the group has cash in the bank and five sites in negotiations
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NewsRevolution’s Christmas parties rebook for New Year
Despite seeing cancellations, Revolution Bars Group had a mostly strong second half of 2021, with like-for-like sales from July-November +14% versus two years ago.
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NewsRevolution's new brands are 'definitely scalable’
Revolution believes its two new concepts have legs to grow as the bar group hits “the sweet spot” in terms of its offering, CEO Rob Pitcher told MCA.
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NewsRevolution to launch fourth brand
The news came with the announcement for annual pre-tax loss of £26.3m compared with a loss last time of £31.7m in the 53 weeks to 3 July.
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NewsRevolution reports same site sales growth of 17%
The Q1 trading performance was “well ahead” of the expectations, with controlled costs resulting in “good profit generation” from these sales.
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NewsRevolution anticipates ‘rapid recovery’
Revolution Bars Group reports that trading since 17 May is now up to 86% against the same period in 2019 when there were no Covid restrictions.
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Analysis & InsightRestrictions are ‘increasingly difficult to police’
Pubs cannot be expected to force customers to obey lockdown rules after Boris Johnson delayed the final step of reopening, bosses have said.
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NewsRevolution Bars raises £21m
Revolution Bars Group has raised £21m after announcing plans to tap up shareholders for new funds.
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NewsRevolution trading ‘extremely strongly’
Revolution Bars Group achieved 48% of sales in the four weeks to 9 May 2021 compared to the equivalent period in 2019 – despite only having around 15% of capacity available due to outside trading restrictions.
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NewsRevolution planning to double brand portfolio
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.
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NewsRevolution secures new CBILS
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.
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NewsRevolution anticipates ‘rapid rebound’
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.
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InterviewsPeter Marks: ‘We don’t want to reopen with masks, mist and panels’
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.
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InterviewsRob Pitcher: ‘Landlord’s behaviour in crisis will determine future partnerships’
Hard-lined landlords refusing to “play ball” in rent negotiations will be remembered by the industry going forward, MCA’s The Conversation has heard.
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NewsRevolution secures further liquidity as restrictions hit sales
Revolution Bars has reported sales significantly down in the first 24 weeks of FY21 as a result of “severe and constantly evolving trading restrictions.”