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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Sep- 2024 -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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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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