Revolution Bars
Coverage focuses on the trading performance, estate strategy, and brand evolution of a leading UK late-night and bar-focused operator, including Revolution, Revolución de Cuba, and Founders & Co. Reporting includes updates on city-centre refurbishments, repositioning toward daytime and food-led trade, operational cost management, and responses to inflationary pressures. Insight is geared toward operators tracking drink-led venue models, student and young professional audiences, and hybrid bar-restaurant formats.
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Mar- 2022 -9 MarchRestaurants
KPMG to pay £875k fine over Revolution Bars audit
The executive counsel of the Financial Reporting Council (FRC) has fined KPMG LLP £875,000 and imposed further sanctions against it and Michael Frankish in relation to the audits of Revolution Bars Group for the financial years ended 30 June 2015 and the 53 weeks ended 2 July 2016. According to…
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7 MarchPubs and Bars
Revolution Bars bolsters senior team with new hires
Revolution Bars Group, the operator of Revolution, Revolución de Cuba, Playhouse and Founders and Co, has bolstered its senior team with two new hires. The move will see its executive team move to a female majority for the first time ever, “outlining its ongoing commitment to diversity and inclusion with…
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1 MarchPubs and Bars
Revolution bars returns to profitability in H1
The Revolution Bars Group has announced its pre-tax profits for the 26 weeks ended 1 January 2022 (H1 FY22) hit £4.3m, up from a loss of £17.7m in the comparative FY21 period, and up from a loss of £1.6m for the same period in FY20. Additionally, the group returned to…
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Jan- 2022 -20 JanuaryPubs and Bars
Revolution Bars posts upbeat trading update
Revolution Bars Group, the operator of 67 premium bars, trading mainly under the Revolution and Revolucion de Cuba brands, has announced that like-for-like (LFL) sales for the majority of the half, from 19 July 2021, when restrictions were relaxed in England, to 13 November were very strong at +14% versus…
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Nov- 2021 -17 NovemberNews
Revolutions Bars Group to trial ‘competitive socialising’ concept
Revolution Group has announced the launch of a new competitive socialising concept to be trialled in November 2021. The brand has already launched Founders and Co earlier this year, which opened in the former Revolution site in Swansea. It revealed the brand is a “competitive socialising concept” with a “nostalgic…
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16 NovemberPubs and Bars
Revolution Bars Group FY21 losses narrow to £26.3m
Revolution Bars Group has revealed its pre-tax losses have narrowed to £26.3m from £31.7m for the full-year ending 3 July 2021. Total Sales were 64.2% lower at £39.4m than £110.1m in 2020 as a result of the various Covid-19 lockdowns and restrictions throughout the entirety of FY21, compared to just…
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Oct- 2021 -7 OctoberPubs and Bars
Revolution Bars welcomes ‘excellent’ Q1 trading
Revolution Bars Group has revealed that it has experienced “excellent” trading so far this year in a Q1 update. In the period from 19 July 2021 to 2 October 2021 the group said its sites experienced “strong demand” delivering a same site sales growth of 17% when compared to pre-Covid…
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Jul- 2021 -1 JulyPubs and Bars
Revolution Bars Group FY21 performance to be ‘ahead’ of expectations
Revolution Bars Group said it expects FY21 performance for the year ended 3 July 2021, to be “ahead” of previous management expectations with an EBITDA loss pre adjustments of £12.5m. The news follows a “significant improvement” to the group’s net bank debt of £5m following the period of trading and…
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May- 2021 -26 MayPubs and Bars
Revolution Bar Group raises £21m in bid to reduce debt
Revolution Bars Group has revealed that it has raised £21m through the issuing of new ordinary shares on the London stock exchange in a bid to reduce its debt. Prior to the onset of the Covid-19 pandemic, the group was demonstrating profitable signs. However, due the pandemic and lockdown measures,…
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Mar- 2021 -4 MarchPubs and Bars
Revolution predicts ‘rapid rebound’ amid reopening
Revolution Bars Group is predicting a “rapid rebound” in trade and “significant” pent-up demand once the sector reopens, as it welcomes the “clarity” provided by the government’s recent roadmap announcement. The operator of 66 premium bars, trading under the Revolution and Revolucion de Cuba brands, intends to initially open 20…
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