Overview
- Bidders have been told to submit offers by January 9 as the operator seeks to conclude transactions quickly.
- FTI Consulting is advising on the formal process to sell assets across the Revolution, Revolucion de Cuba and Peach Pubs estate.
- City sources report Neos Hospitality has expressed interest in purchasing some sites, though its intentions remain unconfirmed.
- The board ruled out an equity fundraising after concluding it lacked sufficient support.
- The group trades from 62 venues and has reported weakening performance, including a 7.4% revenue drop to £26.3m for the three months to September and net debt rising to about £25.3m.