Revolution counts cost of ownership tussle and onerous leases
The tussle for ownership of Revolution Bars Group, which runs 72 premium bars across the UK under the Revolution and Revolución de Cuba brands, and onerous property leases have plunged the company into a £3.7m operating loss.
Adjusted like-for-like sales remained stable for the six months to December 30, which exclude the lucrative New Year’s Eve celebrations, at £73.8m with growth of 1.9%.
But almost £9.6m of exceptional costs left the Asthon-under-Lyne, Greater Manchester-based company, with the operating deficit.
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