Revolution Bars ends formal sales process

The group behind the Revolution, Revolución de Cuba and Peach Pubs brands said it had not received any offers for the entire share capital of the business and that it was now embarking on a plan to raise funds to help protect the business.

Revolution had launched a formal sale process in April alongside a restructuring plan with a target of raising £12.5m. The following month it revealed it was in talks with Nightcap​​ over a possible deal, but that was abandoned​​ earlier this week.

It is hoped the plan will allow the group to restructure certain liabilities, including to amend and extend its secured lending facilities, exit leases of loss-making sites, and propose a rent reduction on other sites so they can return to profitability.

Revolution says it expects the restructuring plan to return the company to profitability, leading to a £3.8m improvement in group adjusted EBITDA in full year 2025.