All Revolution Bars Group articles – Page 2
-
NewsRevolution Bars sets out restructuring plan
If implemented, the strategy aims to return the company to profitability by improving EBITDA, reducing debt, and enabling a recommencement of the refurbishment program
-
NewsRevolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
-
NewsRevolution Bars Group announces restructuring plan
The group is looking to raise £12.5m, including £3m from Luke Johnson, which will be used to restructure the Revolution-branded estate; while simultaneously launching a formal sales process
-
NewsRevolution Bars close to finalising rescue fundraising
The owner of Peach Pubs and Revolucion de Cuba is close to securing £10m equity funding from investors including Luke Johnson, Sky News reports
-
NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
-
NewsRevolution Bars ‘actively exploring’ all options
The pub and bar operator confirmed it is engaging with shareholders to fundraise, while exploring strategic options including a restructuring or partial or full sale
-
InterviewsRevolution Bars: ‘Good operators are struggling in this market’
While the group remains keen to grow its Peach Pubs and Founders brands, CEO Rob Pitcher calls out the government for its lack of action and investment into the night time economy and younger consumers
-
NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
-
OpinionHow peachy is life on the public markets?
Dominic Walsh offers a mea culpa to Revolution Bars Group CEO Rob Pitcher over his acquisition of Peach Pubs - but questions the concept of continuing to run it as a public company
-
Analysis & InsightLiving wage 'forces' bar closures
Revolution is shutting one in ten of its venues as it seeks to reduce losses before the government’s increase to the national living wage
-
NewsRevolution Bars Group to close eight sites
Despite record festive trading, the group’s younger customers are still being disproportionately hit by the cost-of-living crisis, leading to the “difficult yet ultimately beneficial” step of closing the unprofitable sites
-
NewsLarger chains report rebound this festive season
Smaller operators are braced for a difficult new year while bigger chains, such as Rare Restaurants and Hawksmoor, have seen bookings up by as much as 30%
-
NewsRevolution sees nationwide scope to expand Peach Pubs
The group is focusing on premiumisation, optimising outdoor spaces, and marginal gains on sales, according to CEO Rob Pitcher
-
NewsRevolution sales hit by ‘affordability issue’
Revolution Bars Group’s eponymous brand has been impacted by its 18-25-year-old demographic being disproportionately affected by the cost-of-living pressures, CEO Rob Pitcher tells MCA
-
NewsRevolution sees Peach Pubs boost
The bar and pub group grew turnover to £150m, but a challenged late-night bars sector left like-for-like sales down -8.7%
-
InterviewsRevolution Bars Group: ‘The future is positive’
Group CEO Rob Pitcher speaks to MCA about maintaining faith in the bars business, growing its food hall concept, and expanding Peach Pubs when the time is right
-
NewsLate night demand continues to slide for Revolution Bars
Group like-for-like sales were down 8.7% vs pre-Covid, while Peach Pubs continues to trade strongly at 14% ahead of pre-pandemic
-
InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
-
InterviewsRevolution Bars Group: ‘There is reason to be optimistic’
CEO Rob Pitcher speaks to MCA about integration and growth at Peach Pubs and like-for-like recovery in late-night bar sales
-
NewsRevolution Bars faces headwinds
The group announced £76m in sales for H1 FY23, with transport strikes, declining consumer confidence, record hot weather, and cost inflation impacting profitability