Nightcap
Coverage focuses on the growth, brand strategy, and operational performance of a prominent UK late-night hospitality group, including acquisitions, trading updates, new concept development, and site expansion activity. Reporting offers insights for bar operators, investors, and F&B leaders tracking consumer demand for nightlife, cocktails, and experiential venues across key urban markets.
-
Jul- 2024 -18 JulyPubs and Bars
Nightcap shareholders approve plan to go private in August
Bar operator Nightcap has announced that its shareholders approved its plans for the group to re-register as a private company with the name ‘Nightcap Limited’ on or around 15 August as its AGM. Meanwhile, pursuant to the passing of Resolution 1, the group’s cancellation of admission of the company’s ordinary…
Read More » -
Jun- 2024 -28 JuneNews
Today’s news in brief – 28/06/24
Nightcap has revealed plans to re-register as a PLC, after directors undertook an “extensive” review to evaluate the benefits and drawbacks of this transition. For the year ended 30 June, Nightcap still expects to report revenues that are in line with current market expectations, with adjusted EBITDA expected to be…
Read More » -
28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
Read More » -
May- 2024 -31 MayNews
Today’s news in brief – 31/05/24
Revolution Bars has ended its formal sales process after it did not receive any proposals relating to the acquisition of the entire issued and to be issued share capital of the company. It comes just days after the company turned down what it called a “highly conditional” offer from rival…
Read More » -
31 MayPubs and Bars
Revolution Bars ends formal sales process
Revolution Bars has announced that it has ended its formal sales process after it did not receive any proposals relating to the acquisition of the entire issued and to be issued share capital of the company. It comes just days after the company turned down what it called a “highly…
Read More » -
29 MayNews
Today’s news in brief – 29/05/24
Revolution Bars has rejected Nightcap’s “highly conditional” non-binding proposal yesterday (28 May), which required Revolution to proceed with the restructuring plan but not the existing fundraising of £12.5m. Following legal advice, Revolution’s board also concluded that the Nightcap proposal was “incapable of being delivered”, as a number of challenges had…
Read More » -
29 MayPubs and Bars
Revolution Bars rejects ‘highly conditional’ Nightcap offer
Revolution Bars Group, which operates the Revolucion de Cuba and Peach Pubs brands, has rejected Nightcap’s non-binding proposal yesterday (28 May). According to the group’s update on the matter, the deal was rejected because Nightcap’s offer was “highly conditional” and required Revolution Bars to proceed with the restructuring plan but…
Read More » -
22 MayNews
Today’s news in brief – 22/05/24
M&A in the country’s F&B sector hit its highest deal volume since 2016, according to a report by Oghma Partners. For the first four months of 2024, there has been an increase by 30.3% in the volume of deals (43 transactions) compared to the same period in the prior year.…
Read More » -
22 MayPubs and Bars
Nightcap launches fundraising to fuel expansion plans
Nightcap has started a proposed fundraising of up to £3.5m before expenses via the issue of up to 70 million new ordinary shares of 1p each in the company at a price of 5p per new ordinary shares. The news comes as Nightcap boss Sarah Willingham intends to position the…
Read More » -
3 MayNews
Today’s news in brief – 03/05/24
Yum! Brands reported a 3% decline in revenue to $1.5bn (£1.1bn) for Q1. Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to $632m (£503m), while sales for the division declined 4% to $105m (£83m). Nightcap…
Read More »
