All Revolution Bars Group articles
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NewsThe Revel Collective outlines new board structure
Jemima Bird and William Tuffy will not seek re-election as non-executive directors at the pub and bar group at the AGM on 3 December 2024, with an additional non-exec being sought
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InterviewsRob Pitcher: ‘It’s a new era for the group’
The Revel Collective CEO has closed the door on a difficult period for the business following its restructure, but is positive about its future as a more well-balanced group and with a relaunch of Revolution on the horizon, he tells MCA
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NewsThe Revel Collective looks ahead to improved trading
The Revolution and Peach Pubs operator reported sales of £149.5m in FY24, with an improved performance since year end due to the return of students and early bookings for the festive period
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NewsGavin George and Charlie McVeigh join Revolution operator
The Revel Collective (formerly Revolution Bars Group) has appointed the former Laine Pub Company CEO and former Draft House founder as non-executive directors.
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NewsOpenings of the week
MCA rounds up the biggest openings stories from the past week, featuring Loungers, Savage Eats by Revolution Bars Group, Bubbleology and more
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NewsLuke Johnson joins board at Revolution Bars Group
The bar group has confirmed the appoinment of serial investor Johnson as non-executive chairman, following the retirement of Keith Edelman.
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NewsRevolution announces completion of restructuring plan
The Revolucion de Cuba and Peach Pubs operator made the announcement this morning, with a total of 1,267,768,705 new Ordinary Shares admitted to trading
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NewsRevolution: Completion of restructuring plan to proceed as planned
Sanctioned earlier this month, the restructuring plan is expected to occur on 3 September, allowing the pub and bar operator to return to financial stability
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NewsRevolution Bars Group restructuring plan approved
It means the late night group can move forward and amend and extend its lending facilities, exit certain loss-making sites, and implement rent reductions at others to return them to profitability.
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NewsRevolution to proceed with restructuring plan
All resolutions were passed at the group’s general meeting on Friday, with Revolution now seeking the sanction of its restructuring plan
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NewsRevolution ends formal sales process
After failing to receove any offers for the entire company, the group is now launching its restructuring plan, which will see it amend its lending facilities, close loss-making sites, and seek rent redution on others
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NewsNightcap passes on opportunity to make offer for Revolution
Nightcap stated today that at no point did it receive legal advice to suggest its non-binding proposal was not capable of being delivered, as Revolution said earlier this week
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NewsRevolution shareholders urged to back fundraising plan
The pub and bar group warned without £12.5m equity fundraising, shareholders risk losing all their investment in the company
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NewsRevolutions Bars rejects proposal from Nightcap
The group confirmed it had received a proposal on 17 May, which it concluded was incapable of being delivered due to material delivery risk
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NewsRevolution Bars yet to receive suitable offer
The Revolution and Peach Pubs operator continues to explore the formal sales process alongside other strategic options that would deliver a financial return to shareholders
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NewsRevolution: 32 parties express interest in sales process
The group is exploring a formal sales process, with 32 out of 42 invited parties agreeing to participate and signing a non-disclosure agreement
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NewsNightcap: Revolution Bars brands could be ‘excellent addition’ to portfolio
The group is assessing options, including the acquisition of sites, subsidiaries, assets and brands of Revolution Bars, as well as a possible offer for its entire share capital
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NewsRevolution confirms ‘exploratory’ meeting with Nightcap
Revolution confirmed the group has explored a range of possible transactions, following a Sky News report that claimed both Rekom and Nightcap have expressed interest
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NewsRevolution Bars Group raises £12.5m in open offer
The pub and bar group has postponed a general meeting originally scheduled for tomorrow to give it more time to explore all strategic options, which also include exploring a formal sales process
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Analysis & InsightIs late night dead?
As Revolution Bars Group and Rekom UK struggle with a decline in night-time revelling among young people, MCA’s new writer Simon Brooke takes a look at whether the tried and tested evening bar format is past its sell-by date, and explores how operators are having to innovate and fight harder than ever for a share of consumers’ wallets