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The hospitality business is ‘heavily loss-making’ and ‘deeply unprofitable’, a judge was told.
Henry Saker-Clark, PA Deputy Business Editor October 22, 2024 at 9:00 AM Losses have widened at Revolution Bars’ parent firm as its major restructuring programme caused a “distraction” to trade.
Revolution Bars Group said it instead preferred a £101.5m takeover offer by Slug and Lettuce owner Stonegate. [ 12 ] On March 25, 2024, Revolution Bars announced plans for emergency fundraising and the closure of a quarter of its venues, which threatens hundreds of jobs, as it seeks a sale amid financial challenges.
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Reading (/ ˈ r ɛ d ɪ ŋ / RED-ing; Pennsylvania German: Reddin) is a city in and the county seat of Berks County, Pennsylvania, United States.The city had a population of 95,112 at the 2020 census and is the fourth-most populous city in Pennsylvania after Philadelphia, Pittsburgh, and Allentown.
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