Investor Luke Johnson slams Labour’s ‘socialist fantasy’ workers’ rights reform Politics Revolution Bars’ newly-appointed chair and seasoned investor Luke Johnson has criticised Labour’s proposed workers’ rights overhaul, calling it a “socialist fantasy.” Labour is preparing a sweeping reform to tackle the UK’s “culture of presenteeism,” including a ban on “exploitative” zero-hours contracts and day-one employment rights. The government argues the changes will drive employee productivity. However, [...]
From Pizza Express to Channel 4: Who is Luke Johnson, Revolution Bars Group’s new chair? Retail After a lengthy restructuring process that included £12.5m in emergency funding, Revolution Bars has appointed Luke Johnson as its new chair. The former Pizza Express and Channel 4 chairman provided £3m of the financing and owns a 20 per cent stake in the company. He will replace outgoing chair Keith Edelman, whose nine years in the role [...]
Revolution Bars brings in industry veteran Luke Johnson to replace long-standing chairman Business Revolution Bars has announced the appointment of well-known investor Luke Johnson as non-executive chairman of the struggling business. Johnson will replace Keith Edelman, who has served as chairman for the last nine years. Earlier this month, the pub and bar chain completed a comprehensive restructuring plan designed to steer the business back to profitability, which [...]
Revolution Bars: Chain to close 25 sites as significant restructuring plan approved August 9, 2024 Revolution Bars’s restructuring plan has been approved by the company’s major stakeholders. In an announcement published today, the company said its plan has been sanctioned by the Court and has been supported by its lenders. The group said it would close as many as 25 bar and pub locations as part of the plan. It [...]
Troubled Revolution Bars takes itself off the market ‘in best interests’ of stakeholders May 31, 2024 Revolution Bars has decided to push ahead with its restructuring instead of finding a buyer.
Revolution Bars shoots down Nightcap takeover bid as ‘incapable of being delivered’ May 28, 2024 Hospitality chain Revolution Bars has said a possible takeover by peer Nightcap is “incapable of being delivered”.
Revolution Bars confirms meeting with peer Nightcap over possible sale May 2, 2024 Revolution Bars has today confirmed speculation that it had held a meeting with competitor Nightcap regarding a possible sale.
Trading resumes in Revolution Bars after firm secures £12.5m in emergency fundraising April 11, 2024 Troubled Revolution Bars last night announced an emergency multi-million pound fundraising backed by serial hospitality investor Luke Johnson.
Shares in Revolution Bars suspended after failure to post results as future in balance April 2, 2024 Shares in Revolution Bars have been temporarily suspended after it failed to publish its interim results last week.
Revolution Bars confirms it’s looking at ‘strategic options’ as it fights to survive March 26, 2024 Revolution Bars is undergoing talks to sell off around a quarter of its venues, according to reports.