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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Feb- 2021 -5 FebruaryCoronavirus
Hospitality industry’s furlough costs nears £550m a month
Furlough’s continuation is costing the hospitality industry £542m every month, according to the labour management service S4labour. While the scheme has provided a lifeline for businesses within the sector and beyond, it reportedly continues to rack up bills for firms through national insurance contributions, holiday pay, and pension costs. Despite…
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Jan- 2021 -25 JanuaryPubs and Bars
Pub veterans join chase for M&A investment
Mark McQuarter and Mark Crowther are the latest in a succession of pub sector veterans seeking backing for pub deals, as reported by the Times. The former boss of Barracuda Pub Company and Revolution Bars, McQuarter has now been named as chairman of London pub operator, Portobello Brewery. He confirmed…
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Dec- 2020 -17 DecemberNews
Revolution Bars swings to £32m loss in full-year results
Revolution Bars Group, the city centre bar chain that trades as Revolution and Revolución de Cuba, has announced a statutory loss before tax of £31.7m for the full-year ended 27 June 2020. The group, which had operated over 74 properties at the period end, also saw total revenue fall from…
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Nov- 2020 -23 NovemberNews
Deltic warns of collapse without sale
Deltic, the UK’s largest nightclub operator, has told landlords that the firm faces closure if a sale is not agreed, according to Sky News. Closure of the company, which owns the Oceana and Pryzm club brands, would reportedly put over 1,000 jobs across 52 venues in the UK at risk. …
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Oct- 2020 -27 OctoberNews
Revolution Bars to close six sites as part of CVA
Revolution Bars has confirmed it will launch a CVA proposal in order to reduce the size of its estate as the group continues to struggle with government trading restrictions. The company revealed plans to close some of its 76 venues across the UK after the 10pm curfew law saw sales…
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Sep- 2020 -28 SeptemberBusiness
Revolution Bars eyes CVA
Revolution Bars Group has announced it is considering a CVA after the company admitted it is “exacerbated “ by the further COVID-19 related restrictions announced by the Government last week. In a statement the board of Revolution confirmed that it “has been working with advisers to assess various strategic options for…
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Jun- 2020 -29 JunePubs and Bars
Revolution outlines ‘cautious’ reopening
Ahead of the hospitality sector’s reopening later this week, Revolution Bars has confirmed its intention to reopen six of its bars on 6 July, and keep them open for a “minimum” period of two weeks. The “cautious” recommencement of trading forms part of the group’s plan to “fully test” customer…
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8 JuneRestaurants
Revolution bars secures £15m from share placing
Revolution Bars Group has revealed it has raised £15m from a share placing. Revolution Bars said that subject to resolutions being passed at its general meeting to be held on or around 26 June 2020, in aggregate, 75,017,495 New Ordinary Shares are to be issued pursuant to the Firm Placing…
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May- 2020 -26 MayCoronavirus
Revolution Bars secures new loan
Revolution Bars Group has announced an extension to its debt facilities, with NatWest providing the group with an additional £16.5m term loan in light of the ongoing crisis. The group’s current net debt position sits at £22m, though its board is “confident” that the new funding will provide “sufficient liquidity…
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Apr- 2020 -14 AprilCoronavirus
Revolution raises credit facility
Revolution Bars has announced that it will increase its revolving credit facility to £30m following an agreement with NatWest. This will last until 31 August, when it will decrease to £24m as the group “begins to benefit from its normal positive working capital cycle” following the predicted easing of lockdown…
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