Revolution Bars (GB:RBG) has released an update.
Revolution Bars Group plc has successfully had its Restructuring Plan sanctioned by the court, which is anticipated to enhance annual EBITDA by approximately £3.8 million. The plan aims to ensure financial stability and a platform for recovery by amending liabilities, exiting unprofitable leases, and reducing rents. With the recapitalization through a £12.5 million fundraising, the company is poised for future opportunities with a diversified portfolio of 65 bars and pubs.
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