Revolution Bars to float on London Stock Exchange

Revolution Bars Group plans to float on the London Stock Exchange in a bid to fund a major expansion.

After almost a decade as a private company, Revolution Bars Group will enter the London Stock Exchange

As reported by the Financial Times, the high street operator is seeking expand its 58 Revolution bars and five Revolucion de Cuba bars to 100 and 40 venues respectively.

Revolution Bars Group has been privately owned by equity group Alchemy Partners since 2005.

It has now appointed Keith Edelman, the former managing director of Arsenal FC, as non-executive director.

“Both Revolution and Revolución de Cuba are premium brands which target a growing market where we believe a premium offering is in demand,” said Mark McQuater, chief executive of Revolution Bars Group.

“We believe that a successful listing will complement the group’s growth strategy and help support our rollout plans for the group’s branded bars in the UK.”

Revolution Bars Group will launch its initial public offering (IPO) of shares in March.