Stock of the Week: Revolution Bars

It's been a brutal pandemic for bar owners like Revolution, but they are banking on pent-up demand this summer as restrictions lift

James Gard 23 July, 2021 | 11:13AM
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Stock of the week post-it

Our stock of the week is tied with “Freedom Day”, the last pillar of England’s coronavirus restrictions, which finally lifted on July 19 after a month’s delay. Our Twitter followers have chosen Revolution Bars Group (RBG), which runs 64 bars across the UK, some under the Revolución de Cuba brand, which offers Latin-themed music and entertainment.

The bar, restaurant and club sectors have been among the hardest hit by the UK’s multiple lockdowns and the Government has just announced that anyone going to a nightclub in England from September will have to show evidence of having both Covid-19 jabs. Different rules in England, Wales, Scotland and Northern Ireland have made bar owners’ lives more difficult, as well as having to operate at half capacity for social distancing reasons. Many UK bar staff also joined the furlough scheme, which is ending in September. “There may be queues now forming outside popular venues, but despite a bounce back in customer demand, job uncertainty still remains relatively high in pubs and bars,” says Susannah Streeter, senior investment analyst at Hargreaves Lansdown.

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James Gard  is content editor for Morningstar.co.uk

 

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