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Revolution Bars in acquisition talks

Revolution Bars in acquisition talks

Last year, Revolution Bars' (RBG) results were overshadowed by a fierce bidding war between Stonegate Pub Group and nightclub owner Deltic. Both offers for the company eventually fell through, but in an unexpected plot twist Revolution has now announced it’s in "early stage" discussions to acquire Deltic. Management refused to provide us with further detail on why its considering acquiring a past bidder. But exceptional charges of £11.1m over the past year already include £3.3m from fees and expenses related to bids, resulting in an operating loss of £3m.

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