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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Aug- 2024 -12 AugustNews
Today’s news in brief – 12/08/24
Revolution Bars Group will go ahead with its restructuring plan, which was first launched on 31 May. The news comes after the group’s subsidiary, Revolution Bars Limited, which proposed the restructuring plan, was sanctioned by the Court last week (8 August). The board expects this plan to deliver a “significant”…
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12 AugustRestaurants
White Rabbit Fund acquires Island Poke
Hospitality incubator White Rabbit Fund has announced the acquisition of Island Poke’s assets, having recently undertaken a voluntary restructuring. Island Poke, which serves Hawaiian poke bowls, opened its first permanent restaurant in Soho in 2016. However, due the economic turmoil of the pandemic coupled with the impact of inflation, the…
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12 AugustPubs and Bars
Revolution Bars to go ahead with restructuring plan
Revolution Bars Group, the operator of the Revolution, Revolucion de Cuba and Peach Pubs brands, has announced that its restructuring plan – which was launched on 31 May – has been approved. The news comes after the group’s subsidiary, Revolution Bars Limited, which proposed the restructuring plan, was sanctioned by…
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Jun- 2024 -14 JuneNews
Today’s news in brief – 14/06/24
Wolseley Hospitality Group has drafted in restructuring advisers from AlixPartners to advise on cost management issues. The talks, which are said to be at an early stage, could lead to a “range of outcomes”, sources told Sky. Sky noted it was “unclear” what had prompted the re-engagement with AlixPartners, however.…
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14 JuneRestaurants
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 News, Minor Hotels has appointed AlixPartners to advise on these issues at Wolseley Hospitality Group, whose portfolio includes The Wolseley, The Delaunay and Brasserie Zédel, among others. The talks, which…
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May- 2024 -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…
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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…
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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…
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Apr- 2024 -11 AprilNews
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 December 2023. Group like-for-like sales for the four weeks from 4 to 31 December 2023 were up 9%, the best festive period since 2019. Despite a strong festive trading period,…
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11 AprilNews
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 26-week period ending 30 December 2023. Group like-for-like sales for the four weeks from 4 to 31 December 2023 were up 9%, the best festive period since 2019. LFL sales…
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