Revolution Bars suspends trading as Gen Z shun alcohol
Aim-listed chain locked in talks with investors to stave off collapse
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Aim-listed chain locked in talks with investors to stave off collapse
Shares in Revolution Bars have been suspended from trading as the company tries to stave off collapse
The Revolution Bars Group, which owns Peach Pubs and the Revolucion de Cuba chain, is reportedly looking to close up to 20 of its worst-performing sites and is looking to find investors hoping to raise around £10million
Revolution Bars shares lost almost 40% of their value this morning after it said it was considering strategic options on the back of continued weak trading performance.
EXCL: Vodka Revs' demise is being driven by Gen-Z turning away from alcohol to prioritize health and wellbeing, as well as simply finding the bars 'dated', experts have claimed.