Restructuring
This covers restructuring activity across the UK foodservice, hospitality, and catering sectors, including business model overhauls, site closures, CVAs, administration processes, and turnaround plans. We report on the financial and strategic decisions affecting restaurant groups, pub operators, catering firms, and F&B suppliers, with analysis of their implications for staffing, operations, and supply chains. Designed for owners, operators, and executives navigating commercial pressures or monitoring market shifts among competitors and peers.
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Oct- 2024 -25 OctoberAnalysis
The Revel Collective’s journey through four rebrands
The Revel Collective has only recently announced this latest reinvention. But this is not the first time it has happened. Tracing its inception back to 1991 in Greater Manchester, the group we know today has gone by – in chronological order – Inventive Leisure, The New Inventive Bar Group, Revolution…
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22 OctoberNews-In-Brief
Today’s news in brief – 22/10/24
The Revel Collective has seen its FY losses before tax widen to £36.7m. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and the annualisation of the acquisition of Peach Pubs, the closure of 13 loss-making bars…
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22 OctoberNews
The Revel Collective FY losses widen to £36.7m
The Revel Collective, former Revolution Bars Group, has seen its loss before tax widen to £36.7m in its preliminary results for the year ended on 29 June. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and…
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Sep- 2024 -26 SeptemberNews
Today’s news in brief – 26/09/24
Prezzo has appointed the former Brewdog CEO to lead the recovery plan, while the restaurant chain’s former chief executive, Dean Challenger, will rejoin as chief financial officer. It comes as Prezzo, which is now owned by Cain International, is undergoing a restructuring plan, having closed roughly a third of its…
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26 SeptemberPeople
Prezzo appoints former Brewdog CEO to lead recovery plan
Prezzo has reportedly appointed former Brewdog chief executive James Brown as its new CEO, as part of its post-collapse recovery plan, Sky News has reported. Meanwhile, former Prezzo CEO, Dean Challenger, will also rejoin the group as chief financial officer. Having served in a range of leadership roles at Brewdog…
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10 SeptemberPeople
Revolution Bars Group appoints new non-exec chairman
Revolution Bars Group has announced the appointment of Luke Johnson to its board as non-executive chairman, following the retirement of Keith Edelman, who has held the role since February 2015. A well-known entrepreneur and investor, Johnson first established himself in the hospitality industry as chairman of and significant investor in…
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4 SeptemberPeople
Wolseley Hospitality Group CEO steps down
CEO of Wolseley Hospitality Baton Berisha has announced his decision to step down from his role. In a post on LinkedIn Berisha stated that “after much reflection” he had decided to leave for a “new adventure”. He also confirmed that he would stay on board at the company until his…
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3 SeptemberPubs and Bars
Revolution resumes AIM trading as restructuring plan completes
Revolution Bars Group has resumed trading on the AIM after officially completing its fundraising and restructuring plan. The bar operator, which trades under the Revolution, Revolucion de Cuba and Peach Pubs brands, has reissued a total of 1,267,768,705 new ordinary shares following the completion. The restructuring plan, which was first announced…
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Aug- 2024 -30 AugustNews
Today’s news in brief – 30/08/24
Revolution Bars Group has completed its fundraising and restructuring plan, which is set to go ahead as planned next week (3 September). The plan, which was launched on 31 May, will enable the company to restructure certain of its liabilities. The board expects the plan to deliver a significant annualised…
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30 AugustNews
Revolution Bars gives go ahead to restructuring plan
Revolution Bars Group has announced the completion of its fundraising and restructuring plan which is set to go ahead as planned on 3 September. As previously announced, the plan, which was launched on 31 May, will enable the company to restructure certain of its liabilities. This includes amending and extending…
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