Revolution Bars Group failed to secure a buyer, proposes restructuring with 18 venue closures and £12.5m raise amid cost-of-living crisis and train strikes.
Revolution Bars Group, owner of Revolucion de Cuba and Peach Pubs, failed to secure a buyer after launching a formal sale process last month. The company is struggling amid the cost-of-living crisis and train strikes affecting its younger clientele. Revolution has proposed a restructuring plan that includes closing 18 venues and raising £12.5m. The firm remains in takeover talks with rival operator Nightcap over a potential deal.
May 14, 2024
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