Restructuring

Wolseley Hospitality Group owner calls in restructuring advisers

The owner of Wolseley Hospitality Group has reportedly drafted in restructuring advisers to advise on cost management issues. According to Sky…

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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…

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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…

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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…

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Today’s news in brief – 11/04/24

Revolution Bars Group has unveiled a restructuring plan as sales rose 8.3% to £82.3m for the 26-week period ending 30…

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Revolution Bars Group unveils restructuring plan as sales rise 8.3%

Revolution Bars Group has unveiled a restructuring proposal while also revealing an 8.3% boost in sales to £82.3m for the…

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Prezzo returns to profitability following strategic review

Prezzo has revealed that revenues rose to £135m from £95m in the year ended 1 January 2023, following an increase…

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Danieli Group falls to FY loss despite turnover hitting £9.8m

Newcastle-based Danieli Group Holdings, the hospitality company behind the Stack leisure brand, revealed turnover of £9.8m during the year ended…

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Why are insolvencies more likely to affect the hospitality sector?

According to PwC’s outlook for 2024, there will be a significant rise in corporate insolvencies in 2024, just shy of…

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Today’s news in brief – 02/01/24

The DLUHC has allocated £25m from the Community Ownership Fund to aid over 70 pubs, cinemas, and museums across the…

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