Revolution Bars’ rivals eye bids for struggling chain’s assets | BusinessNews
Some of the leading players in Britain’s night-time economy are looking to cherry-pick assets from Revolution Bars, the London-listed leisure group.
Sky News has learned that Nightcap and Rekom, two rival bar and nightclub operators, have expressed an interest in buying part or all of Revolution.
A number of private equity firms are also said to have planned to submit offers ahead of a deadline set by advisers to Revolution on Wednesday.
The scope of the interest from Nightcap and Rekom was unclear, and it remained possible that one or both would not table formal offers.
Revolution Bars announced this…
