Revolution

Revolution Bars plots further closures as it sets out restructuring plan

11-Apr-2024 By James McAllister

Revolution Bars Group has set out a proposed restructuring plan that will see offload up to 18 sites alongside raising up to £12.5m in equity.

Shares in Revolution Bars suspended after it fails to publish interim results

02-Apr-2024 By James McAllister

Revolution Bars has had its shares temporarily suspended from the AIM index of the London Stock Exchange after being ‘unable’ to publish its interim results last week.

Revolution Bars ‘actively exploring' options to improve its future prospects

26-Mar-2024 By Restaurant

Revolution Bars Group says it is ‘actively exploring all strategic options available’ following press speculation that it is in talks about a sale.

‘Challenging’ trading environment pushes Revolution Bars to close eight sites

05-Jan-2024 By James McAllister

Revolution Bars Group has announced it will shutter eight of its ‘least profitable bars’ in order to reduce future losses.

Revolution Bars shutters sites on Mondays and Tuesdays to manage energy usage

17-Jan-2023 By James McAllister

Revolution Bars Group is closing a number of its sites on Mondays and Tuesdays through January and into February to help manage its energy usage.

Friday five: the week's top hospitality stories

21-Oct-2022 By Restaurant

Revolution Bars' purchase of The Peach Pub Company, Phil Howard changing the name of his pasta restaurant, and the continued decline of the licensed sector were the most-read stories in hospitality this week.

Peach Pub Company bought by Revolution for £16.5m

19-Oct-2022 By Restaurant

Revolution Bar Group has acquired The Peach Pub Company in a deal worth £16.5m.

Revolution to open first new sites in four years

07-Jun-2022 By James McAllister

Revolution Bar Group is back on the expansion trail for the first time in four years, with two new Revolution venues set to launch this month.

Revolution investing £2m to lift pay above minimum

23-Mar-2022 By Georgi Gyton

Revolution Bar Group says it is to increase employees’ pay over and above the new increased National Minimum Wage this April – at a cost of £2m to the business.

KPMG fined over Revolution audit errors

09-Mar-2022 By Restaurant

Accountancy firm KPMG has been fined £875,000 over failings in its audit of Revolution Bars Group.

Revolution Bars reports strong trading post lockdown

01-Mar-2022 By Restaurant

Revolution Bars Group achieved EBITDA of £12.2m in the 26 weeks to 1 January 2022, its interim results have shown.

Revolution Bars lines up competitive socialising concept

16-Nov-2021 By James McAllister

Revolution Bars Group is adding a third and fourth brand to its portfolio, including a soon-to-launch competitive socialising concept.

Revolution Bars to close six sites as CVA approved

13-Nov-2020 By James McAllister

Revolution Bars Group's Company Voluntary Arrangement (CVA) has been approved with six sites to be closed permanently.

Revolution Bars launches CVA in a bid to reduce its estate

27-Oct-2020 By Stefan Chomka

Revolution Bars Group has launched a company voluntary arrangement (CVA) that it hopes will see it exit six of its venues.

Revolution "well-placed" to return to good levels of trading post-lockdown

26-May-2020 By James McAllister

Revolution Bars Group says it believes it is "well-placed" to return to a good trading level following the Coronavirus crisis.

Revolution ups credit facility to £30m

14-Apr-2020 By Finn Scott-Delany

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