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The troubled business, which owns Revolution, Revolución de
It said this could include a "restructuring plan" for certain parts of the group or a sale of "all or part" of the company.
Revolution also confirmed it was in talks with bakery Gail's chairman
This development delivers a blow to the hospitality chain, which owns 58 bars and 22 gastro pubs.
The firm lowered its profit expectations back in January after warning cash-strapped youngsters ditching night outs were continuing to chip away at its earnings.
In a trading update, the nightlife operator said it expected EBITDA to be £3m to 3.5m, down from a range above £5m.
(c) 2024 City A.M., source