Revolution Bars' New Year hangover

Revolution Bars' New Year hangover

It hasn’t been an easy period for Revolution Bars (RNG), with management blaming flat like-for-like sales growth on the fact that New Year’s Eve trading was not included in its 2017 returns – revenue would othewise have improved by 1.9 per cent. The bar company also slid into an operating loss of £3.7m due to £9.6m-worth of exceptional costs, part of which were associated with the change of chief executive and the bidding war that engulfed Revolution Bars during the latter part of 2017.

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