Revolution sets sights on brand acquisition

REVOLUTION Bars Group  is in discussions to buy four bars in Edinburgh for around £16m.

The Ashton-under-Lyne company operates 62 premium bars across the UK, under two brands - Revolution and Revolución de Cuba.

The group said the proposed acquisition will introduce a new brand to the group portfolio, which would significantly enhance earnings in the next financial year as it expects to roll out the as yet unamed brand to other sites.

The four bars reported an aggregate site EBITDA of £3.3m for ... For the full story register now for free or login below...