Revolution Bars (GB:RBG) has released an update.
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Revolution Bars Group has successfully had its restructuring plan sanctioned by the court, paving the way for financial stability and improved annualized EBITDA by approximately £3.8 million. The plan involves refinancing, site exits, rent reductions, and a £12.5 million fundraising initiative to support the Group’s future growth. Despite recent trading challenges, the Group is optimistic about its diversification and future, with a year-end EBITDA of around £3.0 million and a net bank debt of £23.8 million.
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