Gail’s Bakery to open 35 new locations amid £500m sale talks Retail Gail’s Bakery is planning to open 35 new locations across England during its current financial year as it considers a £500m sale. The London-headquartered business opened 21 in its latest 12 months – a period which also saw its revenue surge from £181.7m to £231.7m. Newly-filed accounts with Companies House for the year to 29 [...]
The Light: Leisure and cinema chain backed by Luke Johnson Business Seasoned investor Luke Johnson has backed leisure and cinema company The Light in yet another sign that the competitive socialising sector is heating up. Revolution Bars’ newly-appointed chair has acquired The Light – which operates an entertainment model including bowling alleys, mini golf and cinemas – along with a co-investment from cinema and leisure investors Melcorpo. [...]
Investor Luke Johnson slams Labour’s ‘socialist fantasy’ workers’ rights reform Politics Revolution Bars’ newly-appointed chair and seasoned investor Luke Johnson has criticised Labour’s proposed workers’ rights overhaul, calling it a “socialist fantasy.” Labour is preparing a sweeping reform to tackle the UK’s “culture of presenteeism,” including a ban on “exploitative” zero-hours contracts and day-one employment rights. The government argues the changes will drive employee productivity. However, [...]
From Pizza Express to Channel 4: Who is Luke Johnson, Revolution Bars Group’s new chair? September 9, 2024 After a lengthy restructuring process that included £12.5m in emergency funding, Revolution Bars has appointed Luke Johnson as its new chair. The former Pizza Express and Channel 4 chairman provided £3m of the financing and owns a 20 per cent stake in the company. He will replace outgoing chair Keith Edelman, whose nine years in the role [...]
Revolution Bars brings in industry veteran Luke Johnson to replace long-standing chairman September 9, 2024 Revolution Bars has announced the appointment of well-known investor Luke Johnson as non-executive chairman of the struggling business. Johnson will replace Keith Edelman, who has served as chairman for the last nine years. Earlier this month, the pub and bar chain completed a comprehensive restructuring plan designed to steer the business back to profitability, which [...]