Struggling Revolution bars put up for sale
The company behind Revolution Bars has put itself on the market as sales tumble.
The Revel Collective, which runs the Revolution, Revolucion de Cuba and Peach Pubs brands, blamed cost of living pressures on younger customers and a warm summer keeping clientele outdoors.
Bosses said recent budget changes had ‘thwarted’ its efforts to recover after shutting 15 bars last year.
Struggle: The company behind Revolution Bars has put itself on the market as sales tumble
Advisers have been hired to explore funding options, including a formal sale.
Revenues slumped 7.4 per cent to £26.3m, while last quarter debts rose to £25.3m.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.