Today’s news in brief – 17/10/23

Revolution Bars Group reported a pre-tax loss of £22.2m in FY23, despite achieving revenues of £152.6m due to challenging times. The acquisition of Peach Pubs, with 14.1% like-for-like sales growth, provided diversification but couldn’t offset an 8.7% decline in like-for-like sales for the entire group. EBITDA fell to £17m, compared with £19.4m in FY22, with an operating loss of £15.2m. Despite a 5.5% year-to-year decline in like-for-like revenue, Peach Pubs’ strong performance is expected to support trading.

Buzzworks Holdings has launched an SQA-accredited training centre in-house to nurture the next generation of hospitality professionals. The centre, based at the company’s head office in Kilmarnock, offers training led by learning and development manager Holli Gordon, chef trainer Neil Clark, and bar trainer Gavin Goslan. The training centre addresses culinary skill shortages and allows candidates to progress at their own pace, potentially expediting their careers compared to traditional college courses.

Six by Nico is set to open its 13th location in Birmingham at 81 Colmore Row on 30 November. Founded by chef Nico Simeone, the restaurant offers a changing six-course tasting menu priced at £39 per person with a £30 wine pairing option. The restaurant will accommodate approximately 72 guests and create 60 new jobs. Six by Nico has locations across the UK and Ireland, and this opening marks their entry into Birmingham’s vibrant culinary scene.