All the updated news related to revolution bars

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City

KPMG and auditor hit with £910,000 in fines after Revolution Bars failures

Auditing giant KPMG and one of its former staff have been hit with fines totalling £910,000 after mistakes they made when checking the accounts of Revolution Bars. The Financial Reporting Council (FRC) said that the auditors had missed errors in the ...

08 Mar 2022 at 10:25

City

Returning students and office workers boost Revolution Bars recovery

The return of students and office workers has helped Revolution Bars sales rebound in recent months despite the recent spread of the Omicron variant of coronavirus. The 67-strong bar chain saw shares lift in early trading as it swung back to a ...

01 Mar 2022 at 11:25

City

Revolution Bars slashes outlook as young customers hit by cost of living

Revolution Bars slashed its outlook for the year, sending shares plummeting after it warned that its performance has started the year “softly”. The business said that while it had seen its best Christmas for four years, customers still seem ...

24 Jan 2024 at 11:03

City

Shares in Revolution Bars suspended after financial results delayed

Revolution Bars has had its shares suspended from the London Stock Exchange as troubles brew for the bar chain as it mulls over restructuring plans. The group, which owns 58 bars and 22 gastro pubs, was required to publish its interim ...

02 Apr 2024 at 08:00

City

Revolution Bars ‘explores restructuring’ amid reports of hundreds of job cuts

Revolution Bars has said that it is talking to investors about raising new cash and could put itself up for sale after a report emerged that it might be looking at cutting hundreds of jobs. The chain, which also owns Revolucion de ...

26 Mar 2024 at 20:15

City

Revolution Bars announces closure of eight sites

Revolution Bars Group has decided to close eight sites across England as it warned that its younger customers are still feeling a “disproportionate” strain from rapid increases in the cost of living. The company said Revolution ...

05 Jan 2024 at 09:08

City

Revolution Bars says nightlife sector facing tough times as it swings to loss

Revolution Bars said the late-night hospitality industry is facing “very challenging” times as it swung to a yearly loss and revealed a drop in sales. The group, which runs Revolution, Revolucion de Cuba and Peach Pubs, said ...

17 Oct 2023 at 11:32

City

Revolution Bars holds takeover talks with rival Nightcap

Troubled bar chain Revolution has confirmed it held talks with rival operator Nightcap over a potential takeover deal. Revolution Bars Group said on Thursday it held “an exploratory meeting” with Nightcap, which runs 46 ...

02 May 2024 at 11:51

City

Revolution Bars could close 18 sites under overhaul plans

Revolution Bars Group has announced plans for an overhaul which could see 18 of its bars shut down, as the chain has been hammered by cost-of-living pressures and regular train strikes affecting its younger customer ...

11 Apr 2024 at 11:45

City

No buyers step forward to buy troubled Revolution Bars Group

Troubled bar firm Revolution said it has not yet had any viable offers to buy the group. Revolution Bars Group, which also owns the Revolucion de Cuba and Peach Pubs brands, launched a formal sale process last ...

14 May 2024 at 11:09

City

Revolution Bars to close sites on Mondays and Tuesdays over energy bills

Bar group Revolution has said it is shutting venues on Mondays and Tuesdays this month and early February due to rocketing energy costs. Shares in the company tumbled by as much as a quarter on Tuesday as the ...

17 Jan 2023 at 15:05

City

Revolution Bars plans to close some venues after High Court approves overhaul

The boss of struggling Revolution Bars has said he is “very pleased” to have secured High Court approval for its restructuring plan, which could stave off potential insolvency but result in the closure of ...

09 Aug 2024 at 08:12

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