Revolution Bars shares suspended amid uncertain future
The group confirmed it was in talks with shareholders and investors, including hospitality entrepreneur Luke Johnson, who backs Gail's and Tortilla, about possible fundraising
Revolution Bars has had its shares suspended from trading on AIM after it failed to produce its interim financial results.
The company was required to publish its results by 30 March 2023 but was unable to do so.
It follows the closure of eight Revolution bars across England in January with the company blaming the cost of living crisis.
Last week, the company said it was “actively exploring all the strategic options available… to improve the future prospects of the group”.
The group confirmed it was in talks with shareholders and investors, including hospitality entrepreneur Luke Johnson, who backs Gail’s and Tortilla, about possible fundraising.
Revolution said: “Further to the announcement made on 26 March 2024, the company continues to evaluate all the options available to it, including engaging with key stakeholders and potential investors with respect to a fundraising.”
