All Revolution Bars Group articles – Page 6
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NewsRevolution Bars enjoys a strong Christmas
Revolution Bars has released a trading update for the 26 weeks ended 28 December 2019, and for the Christmas period, encompassing the four weeks to NYE. For the those four weeks, up to and including New Year’s Eve, sales were up 4% on last year. Weekly sales per venue averaged over £65,000. Total sales for the 26 week period were £81.2m, up 3.4% on the previous year.
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NewsContinued focus on Revolution as improvements start to pay off
Revolution Bar Group is to focus its site investment programme on Revolution in a bid to “revitalise” the brand, with 12 of its 15 upcoming refurbishment projects to be carried out at these sites, chief executive Rob Pitcher told MCA.
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NewsRevolution reveals drop in profits as it builds for the future
Revolution Bars has revealed a fall in profits for the 52 weeks ended 29 June 2019, after exceptional items of £7.1m and bar opening costs of £1.5 million delivered a pre-tax loss of £5.6m. Like for like sales were also down 3.5%, but the business said they had improved over the period, from a 4% drop in H1, to a 2.9% drop in H2 and down 1.8% in Q4.
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NewsTapas Revolution lines up Westfield Stratford
Tapas Revolution, the Spanish casual dining brand, has lined up a new site, at Westfield Stratford, and pulled out of planned openings in Oxford and Manchester, MCA has learnt.
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NewsRevolution brand to be segmented as lfls continue to fall
Revolution Bars has reported on continued challenges to trading, with like-for-like sales (lfls) down 7.3% in the eight weeks to 23 February.
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NewsRevolution H1 lfls down 4%
Revolution Bars Group’s strong festive trading could not compensate for the like-for-like sales (lfls) decline in the first quarter.
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NewsNine Revolution Bar sites brought to market
Fleurets is to market nine freehold investments that are currently let to Revolution Bars.
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NewsRevolution Bars to appoint new non-executive
Revolution Bars Group has announced it is to appoint William Tuffy as a non-executive director of the company.
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NewsRevolution terminates talks with Deltic
Revolution Bars Group has announced that its talks with the Deltic Group have been terminated.
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NewsRevolution sees positive results from new late-night trial
Revolution Bars Group chief executive Rob Pitcher has told MCA he is encouraged by early signs from the group’s trial of a more experiential late-night offer.
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NewsRevolution FY lfls down 0.6%
Revolution Bars Group saw like-for-like sales fall 0.6% in the year to 30 June, with the second half of the year seeing a dip of 3.2%.
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NewsAnalysts corner: Peel Hunt on Deltic/Revolution
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, discuss the revelation by Revolution Bars Group that it is in preliminary discussions with former suitor, Deltic. They examine the attractions of the deal and main negotiation points.
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NewsRevolution board confirms new talks with Deltic
Revolution Bars Group has confirmed that it has re-entered talks with Deltic Group.
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Analysis & InsightInside track: Come the revolution
Parts of the sector may be struggling due to the tough economic climate, but veteran pub entrepreneur and chairman at Dominion Hospitality and Pebble Hotels Ted Kennedy, believes there are many areas of the sector that need work – starting with salaries and female representation.
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NewsTapas Revolution lines up Oxford opening
Tapas Revolution, the Spanish tapas group from Omar Allibhoy, has further strengthened its openings pipeline, after lining up a site in Oxford, MCA understands.
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NewsTapas Revolution lines up Windsor opening
Tapas Revolution has further strengthened its openings pipeline, after lining up a site in Windsor
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NewsAnalysts corner: Peel Hunt and Edison on Revolution Bars
While yesterday’s trading update from Revolution Bars’ revealed declining like-for-like sales, Edison Investment Research analyst Paul Hickman believes there are a number of positives to be gleaned from the results, and Peel Hunt puts four-fifths of the downgrade down to ‘unhelpful conditions’
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NewsRevolution lfs slide 1.7% in H2
Revolution Bars Group has reported like-for-like sales down 1.7% in the second half of its financial year to 9 June, amid “challenging and volatile trading conditions”.
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NewsStanhope to replace Russell at Revolution
Godfrey Russell is to step down as property director of Revolution Bars Group after 21 years in the role, MCA understands.
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NewsRevolution announces CEO start date
Revolution Bars has announced that incoming chief executive, Rob Pitcher, will join the group from Mitchells & Butlers on 25 June.